Big decisions have been made regarding Disney’s current Chief Executive Officer (CEO).
Disney CEO Bob Chapek in Disney World on its 50th Anniversary
Bob Chapek has been Disney’s CEO since early 2020. Chapek’s name has been at the center of a lot of news lately, from the situation with Florida’s Parental Rights in Education Bill (what critics call the “Don’t Say Gay” bill), to the firing of a top executive, and more. We previously shared that the contract for Bob Chapek, Disney’s CEO, was likely to be renewed, and now we’ve got an update.
According to a Disney press release, shared via Business Wire, the Board of Directors of the Walt Disney Company has voted unanimously to extend Bob Chapek’s contract as CEO. That extension will be for another 3 years.
Susan Arnold, the current Chairman of the Board (who took over after Bob Iger’s departure from Disney) shared that Disney was “dealt a tough hand by the pandemic,” but with Chapek at the helm, Disney’s businesses have “not only weathered the storm, but emerged in a position of strength.”
©Disney
Arnold went on to say that 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.”
Chapek shared that he is “grateful to the Board for their support.” Chapek noted that he started working at Disney nearly 30 years ago, and said that he is “thrilled to work alongside the incredible storytellers, employees, and Cast Members who make magic every day.”
©Bloomberg
Again, this extension comes as no big surprise. As we previously shared, sources had indicated that it was likely that the Board would renew Chapek’s contract as CEO. His existing contract was set to end in February of 2023. In early June of 2022, when Chapek fired Disney’s most senior television content executive (Peter Rice), the Board issued a statement indicating Chapek had their support and confidence. This led higher-ups to believe his contract would be renewed.
We will continue to look for more updates on this situation and let you know what we find.
To see what Chapek has had to say recently about the Park Pass reservation system Disney has been using, click here. And click here to see his comments on the metaverse. Wondering why prices are increasing in the parks? Chapek has commented on that too — click here to see what he has to say.
©Disney
Want to hear even more about Chapek? Click here to see what Chapek’s salary was like in 2021, and learn about why he more than doubled his salary.
As always, stay tuned for more Disney news.
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RICKTR I think the best one to go to is holiday world n Indiana we have been to both and just had a conversation with our friends that we have gone to both places with and think holiday world n Indiana is better we r going there again soon with our friends I think u will really like it
RICKTR there was top ten rating recently of the top 10 places to go to and Disney was not n the top ten at all holiday world n Indiana was number 9 out of the top 10 best places to go to that says a lot about Disney and good things about holiday world n Indiana hope u can go there have lots of fun
Carolyn is Disney not doing housekeeping n the resorts like they use to if that is true that’s another reason for my family not to go there anymore looks like universal is going to a lot of business a way from Disney and they will not get our money ever again and that chapek and the greedy ones that voted for him to b there for three more years has just destroyed
Disney my husband has been saying that Disney is on its way out and our family and all
Our friends agree Walt disneys dream is being destroyed and the pixie dust will b no more our hearts r truly broken
Pattie, we stayed @ the Wilderness Lodge in Jan 2022. Mousekeeping was every other day, we were lucky clean towels quick wipe down. Not one time during our stay were our beds made. We did notice a lady at the front desk asking for clean towels, another day a person asking for coffee for the coffee maker. We made sure we hung our towels up after each shower not knowing if we would receive clean ones.
We went to Universal and stayed @ the Portofino before going to Disney. For a fraction of the price, staying @ the Portofino, huge room, beds made and room cleaned every day. Security checkpoint is right there, no wait, get on the boat and enjoy the ride over to Universal or take the walking path, also we were able to walk on a ride as many times as we wanted, perk included in staying at the Portofino. I recommend park to park tickets for Universal and Islands of Adventure, a 3rd ticket can be included for their water park. Not once were any of the rides down, it was AWESOME SAUCE!
Our Disney stay did not turn out as well, we experienced exceedingly long lines, rides consistently breaking down, stood in line for 1 hr. and 45 minutes for Ratatouille and the ride went down, not passes given to come back, so sad too bad. We were walked off the People mover 2 different days, it was every park, every day we were there.
Pattie, Housekeeping will only come in every 3rd day if you ask for them. Otherwise, they won’t come in at all. However, you may find that someone is in your room EVERY DAY. They said that they have to enter every room every day to check for damage or illegal activity. They started in 2019 to offer guests a$50.00 gift card to skip housekeeping on your stay. Now they simply do not do it.