Despite months of controversial headlines, Disney's board of directors has re-upped CEO Bob Chapek's contract for an additional 3 years.
Disney CEO Bob Chapek has extended his contract with the company despite the controversy surrounding him. Chapek, who rose through the ranks of Disney through the Home Entertainment Division and Parks, Experience, and Products, became CEO of Walt Disney in February 2020, replacing longtime CEO Bob Iger. Chapek's tenure coincided with the start of the COVID-19 pandemic, which saw many aspects of Disney's revenue impacted.
SCREENRANT VIDEO OF THE DAY Related: Percy Jackson Is Disney’s Best Chance To Fix Their LGBTQ+ Representation “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. 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.
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