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Bob Iger to step down as Disney chief executive

Bob Iger is stepping down as the chief executive of Disney, but will assume the role of executive chairman, the company announced on Tuesday.

Bob Iger is stepping down as the chief executive of Disney, but will assume the role of executive chairman, the company announced on Tuesday.

Bob Chapek, who most recently headed up the Disney Parks division, will take over as chief executive.

Iger presided over the recent takeover of 21st Century Fox and the launch of the Disney+ streaming service, the company’s direct-to-consumer business.

The move comes as a surprise.

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