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Bob Iger ’s sudden conclusion to step downasDisneyCEO on February 25th was surprising in its timing , but it mot not be as big of a big lot for Disney as some carry . Iger ’s retreat had been talked about and postponed for years , so while the timing of it was sudden , that it happened at all was a surprisal to no one inside Disney . They ’d been preparing for his chronological sequence , having choose Bob Chapek well before Iger gave up the CEO role .
Iger is still under declaration with Disney as administrator chairman through the end of 2021 , which he ’d announced would bewhen he ’d step down as chief executive officer . Despite stepping down much preferably than expect in February 2020 , 22 months before his contract ended , he did n’t break the contract , and that point is primal to understand Disney ’s immediate future , his use in it , and why it ’s really not a big deal .
tie in : How Bob Iger Saved Disney : Everything He Did As CEO
While Bob Iger stepped down as Disney CEO in February , he has n’t actually left the company , stick around on as executive director president through the end of his contract in 2021 . unexampled CEO Bob Chapek is still report to Iger for right now , so he still has significant power at Disney . Iger has also decided to concentrate more on originative matters within Disney to try and fortify up the movies and boob tube being produced by them both in the short and farsighted full term .
Setting up for a smooth , long - terminus transition to Disney help to ensure that pop off from one chief executive officer to another does n’t cause problems . For almost the next two twelvemonth , Bob Iger is still go to be guiding what ’s going on at Disney , just without develop as catch up in the twenty-four hours - to - day body of work of a chief operating officer . He ’s there as a coach and advisor fornew CEO Bob Chapek , rather than leave like a shot and having no more shock on how the ship’s company is run . wreak on the more creative side of the business also ensures that his influence is felt well into the futurity , as he will have had an impact on projects that are released even several year into the future tense .
The significance of Iger ’s tenure as chief operating officer ca n’t be overstated as he supervise the learning of Pixar , Marvel Entertainment , Lucasfilm , and20th Century Fox , turning Disney into an even bigger amusement IP human dynamo than it was already . Iger then fit and oversaw the launching of Disney+ , which is typeset to utilize all those IPs to produce Modern content in the coming years .
Iger for certain leave great shoes to satisfy , and incoming CEO Bob Chapek certainly has his oeuvre cut out for him , but he ’s also use up over an amusement juggernaut with old age of success already charted for him . Whether Chapek canextend Disney ’s winning run into the 2030swill be the liberal question , but Disney ’s immediate success is all but assure . With Iger also spend more time on the originative side , Disney should have a stronger growth slate drop dead into the future , help the conversion to Chapek be even less of a big deal .
Next : What Disney ’s New CEO Means For Marvel ’s Future
