Disney CEO Bob Chapek Likely to Renew Contract Soon

Bob Chapek, the CEO of Disney, has been at the center of a lot of news lately.

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Disney CEO Bob Chapek in Disney World on its 50th Anniversary

In the past few months, Chapek has been involved in the controversy surrounding Florida’s Parental Rights in Education Bill, which critics have called the “Don’t Say Gay Bill”, a decrease in Disney’s stock value, and the firing of a top Disney executive. However, it seems that CEO Bob Chapek isn’t going anywhere in the near future.

According to Business Insider, the Walt Disney Company Board will likely renew Bob Chapek’s contract as CEO. His current contract was set to end in February 2023, but following a statement of support after the firing of Peter Rice, one Disney higher-up thinks that Chapek’s contract will be renewed.

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©Disney

The Disney Board is scheduled to have meetings in June and September, and one of these meetings is likely when Chapek’s contract will be discussed.

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©Bloomberg

This comes immediately after the firing of Disney TV Executive, Peter Rice, due to “an ill fit with Disney’s corporate culture.” Rice was part of the Disney General Entertainment Content, which helped create over 300 shows for Disney’s various platforms, including ABC, Disney+, Hulu, and more.

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Magic Kingdom

Recently, Disney executives commented on how inflation is impacting the theme parks. We also recently heard from Chapek about the Park Pass Reservation systemyou can click here to see what he had to say about the system.

We’ll keep you updated on all the latest Disney news, so stay tuned to DFB for more.

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The post Disney CEO Bob Chapek Likely to Renew Contract Soon first appeared on the disney food blog.

source https://www.disneyfoodblog.com/2022/06/10/disney-ceo-bob-chapek-likely-to-renew-contract-soon/

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