Disney CEO Bob Chapek gets a 3 year contract extension, the New York Post reports.
Chapek replaced longtime CEO Bob Iger in 2020. Since then, Chapek has had challenge after challenge. In 2020, Chapek made the decision to shut down Disney parks worldwide.
Chapek has also found himself in a fight with Florida Governor Ron DeSantis over the Parental Rights in Education bill, dubbed, “Don’t Say Gay” by left wing pundits.
Chapek’s new contract keeps him at the helm of Disney until 2025.
“Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses — from parks to streaming — not only weathered the storm, but emerged in a position of strength,” Disney chairwoman Susan Arnold said.
“In this important time of growth and transformation, the Board is committed to keeping Disney on the successful path it is on today, and Bob’s leadership is key to achieving that goal. Bob is the right leader at the right time for The Walt Disney Company, and the Board has full confidence in him and his leadership team.”