New Disney CEO has ties to MSU

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NEW YORK (WILX) -- The new Disney CEO has ties to MSU.

Michigan State University grad, Bob Chapek, is the new CEO at Disney. (Source WILX)

Disney has named Bob Chapek CEO, replacing Bob Iger, effective immediately.

Bob Chapek, got his MBA at Michigan State.

Chapek was most recently chairman of Disney Parks, Experiences and Products.

Iger will become executive chairman and will remain chairman through the end of his contract Dec. 31, 2021.

Iger says it was an “optimal time” for him to step down following Disney’s acquisition of Fox’s entertainment assets and the launch of Disney Plus streaming service in November.

Chapek is only the seventh CEO in Disney history.

Iger became CEO of Disney in 2005, succeeding longtime chief Michael Eisner.

He steered Disney through successful acquisitions of Lucasfilms, Marvel, Pixar and other brands that became big moneymakers for Disney.

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