<div style="page-break-before: always; page-break-after: always;">
<div>
<p id="1"><strong>Los Angeles:&nbsp;</strong></p>
<p>Iger, 71, who was CEO for 15 years and retired as chairman last year, has agreed to serve as chief executive for two more years effective immediately, Disney said late on Sunday. He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as Covid hit, leading to park closures. Disney stock jumped 8% intraday, valuing the company at about $180 billion.</p>
<p id="3">&ldquo;Maybe the old hand on the tiller is what&rsquo;s required,&rdquo; said Markets.com analyst Neil Wilson as the company spends billions of dollars to compete with rival Netflix and seeks to revive its share price.</p>
<p id="5">The stock has sunk more than 40% so far this year, lagging the nearly 7% year-to&nbsp;date drop in Dow Jones. It lost almost a third of its value while Chapek was at the helm. Disney disappointed investors this month with an&nbsp;earnings report that showed mounting losses at its streaming media unit that includes Disney+. Shares hit a 20year low the day after the fourth-quarter earnings.</p>
<p id="8">During this second stint, Iger has been charged with &ldquo;setting Disney on a path to renewed growth&rdquo;, the company said.</p>
</div>
</div>

Disney brings back Bob Iger as CEO after retirement

English

Spanish(español)

Bengali(বাঙালি)

Gujarati(ગુજરાતી)

Hindi(हिन्दी)

Malayalam(മലയാളം)

Tamil(தமிழ்)

Telugu(తెలుగు)

Download your favorite titles and read them offline, anytime and anywhere

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines and newspapers from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from {{magCount}}+ best-selling international titles.

Name

Please fill out this form if you need any help regarding publishing your content on Magzter

Since we launched, Magzter has been committed to partnering with global organizations to provide the greatest possible newsstand technology & service to our customers. Whether you are looking to offer magazine subscriptions to your customer database or just want to learn more, Magzter is committed to helping your business grow. To find out more, please fill out the questionnaire below: