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[Anthony]

While we knew Robert Iger's tenure was coming to an end, the sudden "effective immediately" of this announcement has come as a surprise...

Bob Chapek Named Chief Executive Officer of The Walt Disney Company

Robert A. Iger Assumes Role of Executive Chairman through 2021

Mr. Iger Will Direct the Company's Creative Endeavors

Mr. Chapek Brings 27 Years of Successful Leadership Experience across Disney's Parks, Consumer Products and Studio Businesses

BURBANK, Calif., February 25, 2020—The Walt Disney Company (NYSE: DIS) Board of Directors announced today that Bob Chapek has been named Chief Executive Officer, The Walt Disney Company, effective immediately. Mr. Chapek most recently served as Chairman of Disney Parks, Experiences and Products.

Robert A. Iger assumes the role of Executive Chairman and will direct the Company's creative endeavors, while leading the Board and providing the full benefit of his experience, leadership and guidance to ensure a smooth and successful transition through the end of his contract on Dec. 31, 2021.

https://thewaltdisneycompany.com/bob-chapek-named-chief-executive-officer-of-the-walt-disney-company/

How do we feel about Chapek being promoted to CEO? Fair to say he's not much loved amongst parks fans, and Twitter reaction is as you'd expect...

https://twitter.com/waltdisneyco/status/1232417797533134849?s=21

[norhel]

Should at least be interesting to see the future if it's a good move.

[never2old]

Well this didn't last... Iger is back as CEO to see Disney through these strange, uncertain times!!