Bob Chapek receives three-year contract extension as Disney CEO

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June 28, 2022 — Today, The Walt Disney Company Board of Directors voted unanimously to extend Bob Chapeckof his contract as general manager for three years.

“Disney has been hit hard by the pandemic, but with Bob at the helm, our businesses – from parks to streaming – have not only weathered the storm, but come out in a position of strength,” said board chair Susan Arnold. administration. “During this important time of growth and transformation, the Board of Directors is committed to keeping Disney on the successful path it is on today, and Bob’s leadership is critical to achieving that goal. Bob is the right leader at the right time for The Walt Disney Company, and the Board of Directors has complete confidence in him and his management team.

“Leading this great company is the honor of a lifetime, and I am grateful to the Board of Directors for their support,” said Chapek, President and CEO. “I started at Disney nearly 30 years ago and today I have the privilege of leading one of the largest and fastest growing companies in the world, bringing joy to millions around the world. the world. I am thrilled to work alongside the amazing storytellers, employees, and cast members who make magic happen every day.

Chapek’s career at Disney spans nearly 30 years. He became the seventh CEO in the company’s nearly 100-year history just weeks before the company’s theme parks and the majority of its content production was closed due to COVID-19. Since then, he has set Disney on a course to lead the entertainment industry into the next century of the company, with a focus on excellence in storytelling, innovation and audiences.

Prior to becoming CEO, Chapek served as President of Disney Parks, Experiences and Products since the segment’s inception in 2018, having served as President of Disney Parks and Resorts since 2015. Chapek also led Disney Consumer Products and served as President of Distribution for The Walt Disney Studios, as well as President of Walt Disney Studios Home Entertainment.

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