"Hollywood and Wall Street have learned to roll their eyes when Disney CEO Bob Iger says he's stepping down. In the years since Iger took the CEO job in 2005, he scheduled and then postponed his retirement four times before he eventually handed over the CEO position to parks chief Bob Chapek in 2020-and then took it back about three years later. Is this, finally, the real thing?"
"Well, almost none. Some 500 words into today's announcement is the intriguing statement that Iger "upon transition [on March 18] will continue to serve as Senior Advisor and a member of the Disney Board until his retirement from the company on December 31, 2026." "Senior Advisor"? That's a new title for Iger, and while it may seem harmless, it also seems unnecessary. ( Fortune has not been able to get a detailed definition of the role from Disney and will add it if it's received.)"
Bob Iger will relinquish the Walt Disney Company CEO role at the annual meeting on March 18, handing leadership to parks chief Josh D'Amaro. Upon transition, Iger will continue as Senior Advisor and remain on the Disney Board until his retirement on December 31, 2026. The Senior Advisor title is newly introduced and lacks a detailed public definition. Iger previously stepped down in 2020, promoting Bob Chapek, then returned as CEO about three years later after pandemic-related revenue declines, park closures, and sharp stock drops following COVID disruptions and international shutdowns.
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