Walt Disney Co. extended the contract of Chief Executive Officer Bob Chapek for three years, giving a vote of confidence to a CEO who has battled controversy and a crippling pandemic.
Chapek has spearheaded the company’s transformation into a streaming powerhouse, helping the entertainment giant come closer to overtaking the existing No. 1 service, Netflix Inc. He also helped dig the company out of a hole caused by the Covid-19 pandemic, when much of Disney’s operations had to close.
