Walt Disney's Iger steps down as CEO, Parks head Bob Chapek to take reins

Walt Disney Co's Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek, the company said on Tuesday, ending years of speculation on who will take over Hollywood's most powerful studio. Iger is still keeping a significant role at the company.

He will assume the post of executive chairman and direct the company's "creative endeavors" until his contract ends on Dec. 31, 2021, Disney said. "The company has gotten larger and more complex just in the recent 12.....

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