Walt Disney (DIS) CEO Bob Chapek’s Contract Extended for Three Years
By Davit Kirakosyan
The Walt Disney Company (NYSE:) announced today that its Board of Directors unanimously voted to extend Bob Chapek’s contract as CEO for three years.
“Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses—from parks to streaming—not only weathered the storm, but emerged in a position of strength,” said Susan Arnold, Chairman of the Board. “In this important time of growth and transformation, the Board is committed to keeping Disney on the successful path it is on today, and Bob’s leadership is key to achieving that goal. Bob is the right leader at the right time for The Walt Disney Company, and the Board has full confidence in him and his leadership team.”
Chapek, who joined Disney nearly 30 years ago, became the company’s 7th just weeks before Disney’s theme parks and the majority of its content production were shut down due to COVID-19.