Iger is stepping down from his CEO position immediately. CNN media analyst Brian Stelter writes, “There are a lot of confused media execs burning up the phones right now. Why is Bob Iger exiting as CEO so suddenly? What does it mean for Disney+? Insiders are in shock — but heartened by the fact that he will remain executive chairman and direct Disney’s creative endeavors.”
BREAKING: Disney CEO Bob Iger to step down. Bob Chapek will be the CEO of Disney immediately. $DIS pic.twitter.com/MDSBArbjWg
— CNBC (@CNBC) February 25, 2020