Disney Names Parks Chief Chapek as CEO; Iger Becomes Executive Chair

The transcript discusses Disney's leadership transition from Bob Iger to Bob Chapek, highlighting the surprise and market reaction. It covers Chapek's background, his success in Disney's parks division, and the challenges he faces. The discussion also touches on the potential influence of political and external factors, such as the coronavirus, on Disney's decisions.

What was the unexpected announcement regarding Disney's leadership?

• Bob Iger extended his contract.

• Bob Chapek was named the new CEO.

• Disney announced a merger.

• Tom Staggs returned to Disney.

What was Bob Chapek's role before becoming CEO of Disney?

• Head of Disney's film division

• Director of Disney's marketing

• Chief Financial Officer

• Leader of the parks and consumer products division

How did the market initially react to the news of Bob Chapek's appointment as CEO?

• There was no change in Disney shares.

• Disney shares moved a bit lower.

• Disney shares rose significantly.

• Disney shares hit an all-time high.

What challenge does the parks division face following the leadership change?

• The division is merging with the film division.

• The division is being shut down.

• A new CEO needs to be appointed.

• The division is relocating to another country.

What are some speculated reasons for the timing of Disney's leadership change?

• A major film release

• A new theme park opening

• A change in Disney's board of directors

• Bob Iger's political ambitions