Business

Disney extends Chapek CEO’s contract for three years

Walt Disney Co.’s
DIS,
-0.71%

On Tuesday, the board unanimously passed an extension of CEO Bob Chapek’s contract for three years. “Disney was suffering from a pandemic, but with Bob taking the lead, from parks to streaming, our business not only survived the storm, but was in a strong position,” said Susan Arnold, chairman of Disney. Stated. statement. “At this crucial time of growth and transformation, the board promises to lead Disney to today’s success. Bob’s leadership is the key to achieving that goal. Bob is right for the Walt Disney Company. He’s the right leader at the right time, and the board is completely confident in him and his leadership team. ”Chapek, 63, who spent nearly 30 years at Disney, took over Bob Eiger in February 2020. rice field. Disney’s inventory is down 38% in 2022. S & P500 Index
SPX,
-2.01%

So far this year it has decreased by 20%.

Disney extends Chapek CEO’s contract for three years

Source link Disney extends Chapek CEO’s contract for three years

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