Bob Iger hosts a town hall meeting with Disney employees, his first since his return as CEO

New York
CNN Business
 — 

Bob Iger returns to the Disney Kingdom he has ruled over for fifteen years.

Iger — who said last week he would once again become Disney CEO — is holding a town hall with employees at the company’s Burbank, California headquarters on Monday, Iger’s first day back on the Walt Disney Studio lot.

The return of Iger — one of the most successful CEOs in the history of the company — was a stunning development at Hollywood’s biggest studio.

Bob Chapek had a brief but turbulent time at Disney, and Iger was his replacement. Chapek was Iger’s replacement in the early 2020, shortly before the Covid-19 pandemic.

This announcement comes at a difficult time for Disney which is facing challenges across its media empire. Its share price is low and its streaming business is expanding, but it is still losing billions of money.

Iger didn’t waste any time putting his mark on the company.

Soon after he was announced as CEO, Iger reorganized Disney’s content distribution structure and said that Kareem Daniel, the chairman of Disney’s Media and Entertainment Distribution unit, would leave the company.