Report: Disney Board Reached Out to Iger on Friday, Chapek Notified Of Departure Moments Before Official Announcement

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According to a report from CNBC, the deal to bring back Bob Iger as Disney CEO all unfolded this weekend. CNBC’s David Faber cited company sources, saying that the Board of Directors reached out to Iger on late Friday and ironed out the details over the weekend. According to Faber, former Disney CEO Bob Chapek was notified of Iger’s return last night – the same night of the official announcement, which was made via email by Iger shortly before 9:45pm ET.

The decision to replace Chapek was reportedly due to poor fourth-quarter results. And while internal candidates were considered, the candidates wouldn’t have been prepared to take the reigns as immediately as Iger.

For a full report, including the full email from Iger to Cast Members announcing his return, check out our article below.

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