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Disney blindsided Chapek with CEO decision after reaching out to Iger on Friday


Disney chose to rehire Bob Iger as chief executive after receiving internal complaints from senior leadership that Bob Chapek was not fit for the job, according to people familiar with the matter.The executive change came together quickly, blindsiding Chapek and his closest allies. Disney’s board reached out to Iger on Friday, without any other serious candidates in mind to replace Chapek as CEO, CNBC’s David Faber reported Monday, citing sources.related investing newsThe board’s outreach to Iger and discussion to replace Chapek came after the board married internal complaints about Chapek’s leadership with concerns following Disney’s most recent quarterly earnings report, said the people, who asked not to be named because the discussions were private.On Sunday, Disney said it would replace Chapek with Iger as chief executive, effective immediately. Chapek had come under fire for his management of Disney in the last few years. Chapek was notified on Sunday night, Faber reported.Chapek and his inner circle were caught off guard by the news, one of the people said. The status of Chapek’s right-hand man, Kareem Daniel, is murky and dependent on the direction Iger wants to take at the company, two of the people said. Daniel leads Disney Media and Entertainment, a division created through Chapek’s reorganization of the company.A Disney spokesperson declined to comment. Chapek didn’t respond to a request for comment.While some internal CEO candidates were identified that might be able to take the job over time, the board didn’t want to …

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