Today The Walt Disney Company (NYSE:DIS) held its 2021 Annual Shareholders Meeting, however due to the COVID pandemic, the event was held virtually.
Bob Iger, who stepped down as CEO last February and assumed the role of Executive Chairman of The Walt Disney Company, said at the time he would remain with the company through December 2021. At today’s meeting that he confirmed that he will be leaving “at the end of December.”
Iger was named president and chief operating officer in 2000 and after a a successful effort by Roy E. Disney to shake up the management of the company and remove Michael Eisner as CEO, on 13 March 2005, Iger was named as Disney’s new CEO.
The following year, Iger not only repaired a broken Pixar relationship, but he acquired the company. In the years to follow, Iger acquired other valuable intellectual properties including Marvel (2009), Lucasfilm Ltd. (2012), and 21st Century Fox (2018). Prior to stepping down as CEO, Iger launched Disney+, a new streaming service, which in the last 16 months has over 100 million subscribers.
