Bob Chapek to stay as Walt Disney CEO for 3 more years

Chapek's contract was to get over in February

e4m by exchange4media Staff
Published: Jun 30, 2022 7:40 AM  | 1 min read
Chapek

Walt Disney CEO Bob Chapek's term has been extended for three years after the company board extended his contract, as per media reports.

Chapek's contract was to get over in February.

In a statement, Walt Disney board chair Susan Arnold said that Chapek "not only weathered the storm but emerged in a position of strength". Arnold was referring to the disruptions caused by the pandemic.

According to media reports, Disney shares saw 0.5% increase on Tuesday although it has seen a nearly 40% decline this year. 

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