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Disney’s Embattled CEO Chapek Wins 3-Year Contract Extension

  • Bob Chapek has overcome controversy to win board confidence
  • CEO has faced criticism from employees, actors and politicians
Bob Chapek
Bob ChapekPhotographer: Patrick T. Fallon/Bloomberg
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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.