Bob Iger became the new CEO of Disney on Sunday night.
Iger worked at Disney for four decades before stepping down in 2020. He was the executive chairman until a year ago.
Disney said that the man has resigned.
Disney chairman Susan Arnold said that Bob Iger is uniquely positioned to lead the Company through this pivotal period. Arnold will stay on the Disney board.
Iger said he was excited to return as the company's CEO.
Disney's market cap increased fivefold during Iger's time as CEO. Disney's stock is down more than 40% year to date and it slid to a multiyear low when it missed expectations for revenue and earnings per share.
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