Disney CEO Bob Iger has brought back two former executives who were potential heirs to the top spot before ill-fated Bob Chapek got the job, according multiple news sources.
Disney CEO Bob Iger arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho.
In addition to advising Iger, Mayer and Staggs will work with ESPN President Jimmy Pitaro to examine strategic options for the sports channel. A 3D-printed Disney logo is seen in front of the ESPN+ logo in this illustration taken on July 13, 2021.with Disney in early July, ensuring he held the chief executive position at the California-based entertainment giant until the end of 2026. His original deal had him as CEO until the end of 2024. Prior to then, he ran the media company was 2005 to 2020.
Iger returned to Disney as CEO in November last year after then CEO Bob Chapek was pushed out after a tumultuous tenure which included clashing with Florida Gov. Ron DeSantis and failing to handle controversial political and social issues that divided employees. According to the reports, Staggs and Mayer were received well on Wall Street while at Disney and only left the entertainment company after their opportunity to land the CEO position waned.
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