Bob Iger, 69, has stepped down as CEO of the Walt Disney Company, effective immediately and Bob Chapek is the new CEO, the board of directors announced on Tuesday, February 25.
Disney named the company’s head of parks and resorts, Bob Chapek, CEO effective immediately. But Mr. Iger will stay on as executive chairman, overseeing the company’s creative endeavours through the end of next year, until his contract expires on December 31, 2021.
Iger said in statement: “With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO.”
Disney Company’s new CEO Bob Chapek most recently served as chairman of Disney Parks, Experiences and Products. Iger said he has the “utmost confidence” in Chapek and looks forward to “working closely with him over the next 22 months as he assumes this new role.”
Chapek said in a statement: “I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world. Bob Iger has built Disney into the most admired and successful media and entertainment company, and I have been lucky to enjoy a front-row seat as a member of his leadership team.”
Iger’s announcement caught Disney employees and rival media executives off guard. His transition was inevitable, but no one expected it to happen at the time that it did.
Iger said it was the right time to step down because he needs to spend more time on the “creative side” of the company.
He said on an investor call after the announcement: “I could not do that if I had to run the company on a day to day basis.”
In an interview with CNBC, Iger said his succession plans were “actually a few years” in the making and that Chapek was identified “awhile ago as a likely candidate” to succeed him.
“He ran one of our most complex, one of our important businesses, global parks and resorts, for instance, during a time of great capital investment and a time of great change, and did so very well,” Iger said of Chapek.
Iger said that he would leave the company for good once his contract is up in 2021.
“I’ve been with the company for 45 years, and was in the CEO job for 15 of those years,” Iger said, “It’s been a fun run.”
Flashback: When Hushpuppi Shaded Davido After He Spent N11.5m At Lagos Club
The internet has dug out an old rant beleaguered fraudster, Hushpuppi made towards Davido when he was throwing his weight about with his ill-gotten money.
Apparently this piece information was brought to the fore to illustrate how Hushpuppi made costly errors in making himself so conspicuous and loud despite. The post was made by Hushpuppi back in 2017 in March.
In a Snapchat, Hushpuppi had shaded Davido by saying he and his crew while revealing he spent over 11.5m in a club. We don’t know what triggered the rant but it does make interesting reading nonetheless.
Read the rants below: I am speaking on behalf of my honorable self and classic baggie and self-paid, if they born anybody well, or ‘UNA CREW’ make unannounced come out tonight, make we use am do champions league final in this Lagos tonight!!! Bottles will be flying from the beginning.
Hennesy don enters body and tonight is the night to let you all know I didnt go and count bridges in Malaysia for 4 years.
If your net worth is a hundred million and below, stay at home tonight or come as a fan or a looker.
Note to Shina Peller:- No credit sale tonight, no selling to anyone based on personality or past glory. Our own bank open today and our token dey on standby and network good, no story, no ‘i dey come’, no ‘baba u no sari me ni’. ITS CHAMPIONSHIP NYT. There’s a difference between omg baba olowo and baba olowo… They both hung out of recent, two days ago.
Kennedy Agyapong Allegedly Threatens To Release Explicit Videos Of Hajia4Real
Controversial Member of Parliament for Assin Central Honorable Kennedy Agyapong has threatened to release n@ked photos and videos of Internet slay queen Hajia 4 Real for disrespecting NPP’s Regional Chairman, Wontumi.
This threat from Kennedy Agyapong comes after the slay queen Hajia 4 Real filed a lawsuit against the chairman for his derogatory comments about her. The suit also gave Chairman Wontumi an ultimatum of 24 hours to retract and apologize publicly to Hajia 4 Real.
Popular Instagram blogger “Those Called Celebs” posted a screenshot on their page which stated that Kennedy Agyapong has threatened to exposed the slay queen for disrespecting Chairman Wontumi.
My Husband Looked like A Farmer When We Met : Regina Daniels
Nollywood actress and wife of Billionaire Ned Nwoko, Regina Daniels has disclosed in an interview that the first time she met her husband, his physical appearance looked like a farmer.
One of the Nollywood entertainers in the industry whose marriage has faced a lot of backlashes and has generated several opinions from people is the marriage between Regina Daniels and her husband Ned Nwoko.
Many condemned the actress for going in for a man old to be her father but it appears the backlash from the public did not move any of the couples.
In a recent interview with Saturday Beats, Regina Daniels spoke about the stages of her pregnancy, her experiences, and how she claims she didn’t face any difficulties. “Before I got pregnant, people said pregnancy was hard; and the journey wasn’t easy. As a matter of fact, I heard so much. But I am still very young and it was more like living my normal life. I didn’t even have morning sickness and I didn’t face any challenges of any kind. It was pretty normal for me,” she said.
Answering the question on where and how he met her husband she said “The first impression I had when I met him, which I will keep saying is that he looked like a farmer. We actually went on a tour to his house in the village (Aniocha North Local Government Area, Delta State) and he was so polite and educative. He wants one to know about nature and the world in general. He wants one to experience different things, so he was always trying to educate us on that particular visit.”
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