Disney announces ex-CEO Bob Iger to return for 2 years

BURBANK, Calif. (AP) — The Walt Disney Company announced late Sunday that former CEO Bob Iger would return to head the company for two years in a surprise move.

The statement said Bob Chapek, who succeeded Iger in 2020, had stepped down from the position.

Board Chair Susan Arnold thanked Chapek for his service, including his time during "the unprecedented challenges of the pandemic." Iger steered Disney through its absorption of Lucasfilm, Pixar, Marvel and Fox's entertainment businesses and the launch of Disney Plus.

Earlier this month, Disney posted lower than expected results for its fiscal fourth quarter.

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