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Disney extends CEO Bob Chapek’s contract by three years

Bob Chapek, Disney
Jeff Gritchen | MediaNews Group | Orange County Register via Getty Images

Disney has extended CEO Bob Chapek’s contract for three more years, the company announced Tuesday.

“Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses — from parks to streaming — not only weathered the storm, but emerged in a position of strength,” said Susan Arnold, chairman of the board, in a statement Tuesday. “In this important time of growth and transformation, the Board is committed to keeping Disney on the successful path it is on today, and Bob’s leadership is key to achieving that goal. Bob is the right leader at the right time for The Walt Disney Company, and the Board has full confidence in him and his leadership team.”

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