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Disney names Susan Arnold chairman, as Bob Iger bows out at year end

$Disney(DIS.US)$ names Susan E. Arnold, a 14-year veteran of the board, as chairman, effective Dec. 31, succeeding Bob Iger, who has led the board since 2012.
"Having most recently served as independent lead director, Susan is the perfect choice for chairman of the board, and I am confident the company is well-positioned for continued success under her guidance and leadership," Iger said in a statement.
The transition marks the an end to Iger's leadership at the media and entertainment company, where he was CEO for 15 years, overseeing the company's acquisitions of Pixar in 2006, Marvel in 2009, Lucasfilm in 2012, and 21st Century Fox in 2019.
Bob Chapek became Disney's seventh CEO in 2020.
Disney names Susan Arnold chairman, as Bob Iger bows out at year end
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