Disney names new CEO to replace Bob Iger immediately

Bob Iger

PHOTO: Bob Iger is an American businessman. Since 2005, Iger has been the Chairman and Chief Executive Officer of The Walt Disney Company, the parent of ABC News., Photo Date: 6/24/13

NEW YORK (AP) — The Walt Disney Co. has named Bob Chapek CEO, replacing Bob Iger, effective immediately.

Iger will become executive chairman. Chapek was most recently chairman of Disney Parks, Experiences and Products.

Iger will remain chairman through the end of his contract Dec. 31, 2021.