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Bob Iger returns. Here’s what to know

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The Walt Disney Company just dropped a major plot twist.

The media giant announced late Sunday former CEO Bob Iger would return to the helm, replacing Bob Chapek, who took over the top executive spot more than two years ago.

Iger will serve as Disney’s CEO for two years, during which he will create a “strategic direction for renewed growth” and work to find his successor following his second stint running the company.

“I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling,” said Iger in a statement.

Here’s what you should know about the corporate shakeup at Disney.

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Bob Iger attends a preview of Peter Jackson's "The Beatles: Get Back" at El Capitan Theatre on November 18, 2021 in Hollywood, California.

Who is Bob Chapek?

Chapek was named CEO in February 2020. He has been with Disney for nearly three decades, previously serving as chairman of Disney Parks, Experiences and Products before replacing Iger.

Chapek also served as chairman of Walt Disney Parks and Resorts, during which he helped open the Shanghai Disney Resort; and introduced Star Wars: Galaxy’s Edge at Disneyland Resort and Walt Disney World Resort.

Chapek was the seventh CEO in Disney’s 100+ year history.

Who is Bob Iger?

Iger has been with Disney for more than 45 years, becoming CEO in 2005 and then chairman in 2012.

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