BURBANK, Calif. – Today, The Walt Disney Company Board of Directors unanimously voted to extend Bob Chapek's contract as Chief Executive Officer for three years.

"Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses—from parks to streaming—not only weathered the storm, but emerged in a position of strength," said Susan Arnold, Chairman of the Board. "In this important time of growth and transformation, the Board is committed to keeping Disney on the successful path it is on today, and Bob's leadership is key to achieving that goal. Bob is the right leader at the right time for The Walt Disney Company, and the Board has full confidence in him and his leadership team."

Chapek's career at Disney spans nearly 30 years. He became the seventh CEO in the Company's nearly 100-year history just weeks before the company's theme parks and the majority of its content production was shut down due to COVID-19. Since then, he has set Disney on a course to lead the entertainment industry well into the company's next century, with a keen focus on storytelling excellence, innovation, and audiences.

Prior to becoming CEO, Chapek served as Chairman of Disney Parks, Experiences and Products from the segment's inception in 2018, after serving as Chairman of Disney Parks and Resorts since 2015. Chapek also led Disney Consumer Products and served as president of Distribution for The Walt Disney Studios, as well as president of Walt Disney Studios Home Entertainment.

Read the full announcement here.

The Walt Disney Company