Is it a storybook ending? Capping a 14-year-tenure as CEO — during which he turned Disney into Hollywood's most formidable force — the 69-year-old unexpectedly called it quits Tuesday. "No one knew this was coming," said one executive. Parks and resorts chief Bob Chapek has taken his place as the company's seventh CEO, though Iger will remain executive chairman through 2021.
Did Chapek face any competition? Some were surprised that he won the spot over top streaming executive Kevin Mayer, especially since Disney+ is a major pillar of the company's future strategy.