Bob Iger named CEO of Disney in a shocking development

In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in The Walt Disney Company's history, is returning to run the media empire.

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Bob Chapek, who replaced Iger as CEO in 2020, is stepping down effective immediately.

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Disney board chair Susan Arnold said in a statement Sunday night..

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"We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,"

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"The Board concluded that as the Disney industry enters an increasingly complex period of change,

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Bob Iger is uniquely positioned to lead the company during this important period.

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Power Rangers star Jason David Frank has died at the age of 49

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