Who is Bob Chapek? He’s no Bob Iger, but he is steeped in Disney culture
LA TimesWalt Disney Co.’s appointment of theme parks boss Bob Chapek as its new chief executive, replacing Bob Iger, took Hollywood and Wall Street by surprise. As president of home entertainment, Chapek spearheaded the company’s “vault” strategy — a controversial but effective tactic that kept classic animated titles off video store shelves for long periods of time. “Chapek was running Disney’s home video when it was VHS tapes — now he will be overseeing the formation of Disney’s streaming era,” Bernstein Co. analyst Todd Juenger said in a research report. In Iger’s 2019 book, “The Ride of a Lifetime,” he describes relying on Chapek during a confluence of crises involving Disney parks when they were in China for the debut: the shooting at the Pulse nightclub that killed two Disney employees, and an alligator attack at a Disney resort that killed a young boy.