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.

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

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

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

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

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

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