Despite Stepping Down as Disney CEO, Iger Will Still Be In Charge

Disney named its park chief Bob Chapek to succeed Bob Iger as CEO. But Iger isn’t going anywhere. He will become executive chairman, allowing him to retain control of the company at least through the end of next year, Disney’s disclosures show.

As CEO, Chapek will report to Iger and to the board, Disney’s securities filing showed. Moreover, as long as he is executive chairman, Iger “will continue to direct the Company’s content creation” and to handle whatever other responsibilities the board assigns him, according to Iger’s amended contract. That makes clear Chapek’s power will be limited.