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It’s been a little over one year since The Walt Disney Company fired Bob Chapek and brought Bob Iger back as CEO. We just learned what this first big job post Disney is.
Bob Chapek’s Swift Exit
When Bob Iger retired in February 2020, Bob Chapek took his place as CEO of The Walt Disney Company. He took charge right before the parks closed in March 2020. Chapek was in charge for over two years, overseeing the parks, entertainment, and more. During this time, many guests and Cast Members questioned the direction in which he led The Walt Disney Company.
Shortly after renewing Chapek’s contract, the Disney Board replaced Bob Chapek with his predecessor Bob Iger. The world was shocked, and by the morning after Bob Iger’s return, Disney stocks were already on the rise.
The very quick timeline was a bit surprising for Disney fans, but a poor quarterly earnings report was the final straw and forced the board to replace Chapek. Part of this poor earnings was tied to Disney+ which led to the quick firing of another Disney executive less than 24 hours after Bob Iger’s return.
According to a CNBC article, Chapek confided to a friend that his tenure at Disney was “about three years of hell,” defined by one overriding theme: his unrelenting fear that Iger wanted his job back.
Next Job for Chapek
Masimo announced today that Bob Chapek has been appointed to Masimo’s Board of Directors. “I am thrilled to join the Masimo Board,” said Chapek in a statement. “I look forward to helping advance the company’s growth by leveraging their core technologies in the consumer and consumer health spaces.”
Joe Kiani, Chairman and CEO of Masimo, said, “We are honored to have Bob join the Board. As we execute our hospital to home strategy, we expect to benefit greatly from Bob’s role on our Board.”
Masimo is a global medical technology.
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