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Disney CEO Bob Iger steps down; Bob Chapek to take charge

R Sinduja

News Editor

Walt Disney announced that chief Bob Iger will step down from the top executive post after building the media-entertainment powerhouse. Disney's board has named the 27-year-old Bob Chapek as the new executive with immediate effect. Iger had been the CEO for 15 years and will now take up the role of executive chairman & will direct the company's creative endeavours. This move allows Iger to coach Chapek too.