Bob Iger, the ex-CEO of Disney, has stepped down. Don’t worry, though, another Bob, Bob Chapek, has taken his place. What does this mean for the company?

First, let’s learn about Bob Chapek. Chapek was originally the chairman of Disney Parks, Experiences, and Products for almost 2 years but has been with the corporation for 27. He has also been chairman of parks and resorts for the past 5 years. Chapek also has headed both the entertainment and distribution divisions for Walt Disney Studios. While he doesn’t have content experience, his leadership roles make up for it. “With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Iger said in a statement.

With Disney buying companies left and right (Fox in 2019 and Marvel in 2009), there is wonder about how the change in leaders will affect the company. Some Disney employees were caught off guard and “in shock” when Iger announced his very hasty departure, as he left the position on Tuesday the 25th. Some said while it was very sudden, it was inevitable. Iger has done so much for the company, from buying Pixar Animation, Lucasfilm, and Marvel entertainment. Disney got majority ownership to Hulu during Iger’s tenure. 

While many have speculated over any possible shifts in the company’s direction under the new CEO, according to company executives, there will not be any extreme changes. According to the LA Times, “Disney has spent the last two years ramping up its strategy to reach consumers directly through streaming services — Hulu, ESPN+ and now Disney+ — rather than relying on outside distributors, such as pay-TV operators”, so our Disney-filled pleasures will not be harmed.