The new date is Nov 21, 2022.
Disney on Sunday announced that Robert Iger will return to lead the company as its CEO in a stunning move that comes just two and a half years after he stepped down.
Robert Iger has returned to take over the role of Disney CEO at a time when the company is facing a number of challenges.
Disney announced in a press release that Iger would take over as CEO in two years.
Iger has been tasked with setting a "strategic direction for renewed growth" at the company while also working closely with the board to find a successor who will take over after his term ends.
Bob Chapek, Disney's outgoing CEO, was thanked for his service and long career at the company.
It comes at a time of uncertainty at Disney which reported weaker than expected revenue and profit in the third quarter.
Disney's board voted to extend his contract by another three years in a move that was seen as the company backing its CEO despite several challenges.
Iger said in a statement that he was "thrilled" to be asked to return as CEO.
Two and a half years after he was chosen by Iger to take over from him as CEO, the man is leaving Disney. Conflict began to emerge as Iger continued to serve as Disney's executive chairman. Disney was forced to deal with the aftermath of the COVID-19 Pandemic, which caused its parks and cruise ships to be shut down, as well as disrupting its films product and release schedules. Disney found itself in the middle of a very public and high profile feud with the star of the Avenger's film "Black Widow" over its decision to release the movie on streaming instead of theaters They finally agreed to a settlement. Disney's initial lack of response to Florida's "Don't Say Gay" bill caused a lot of controversy. The bill caused a wave of condemnation from conservatives after it was denounced by the man.
It was 13.6%. Since the beginning of November, Disney's stock price has fallen. Disney's stock price fell due to the company's worse than expected earnings.
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