Bob Iger returns as Walt Disney CEO, Bob Chapek steps down amid company's plan to cut workforce
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The Walt Disney Company has announced that Robert A. Iger (Bob Iger) is returning to head the company, as Bob Chapek has stepped down as CEO amid the company's plans to reduce workforce to navigate the rough global conditions. Iger, who left the company last year, after spending more than four decades at the company, including 15 years as its CEO, has agreed to serve as Disney's CEO for two years.