February 25, 2020
Disney announced the transition of Chairman and Chief Executive Officer Robert Iger to Executive Chairman of the Board, effective February 24, 2020. Mr. Iger has been CEO since October 2, 2005. From 2005 to 2019, Mr. Iger realized $678,545,418 in total compensation.
As of February 24, Robert Chapek has assumed the role of Chief Executive Officer. He was formerly Chairman, Disney Parks, Experiences and Products. Mr. Chapek will receive additional equity for the current fiscal year as part of his promotion to CEO. His new annual target compensation is as follows:
|Base Salary||Target Bonus||Equity||Total Compensation|
To view the details of the transition, including Robert Chapek’s new employment agreement, please click here.
Robert Iger is the 7th CEO from the Equilar 500 to announce their resignation in 2020.
Owen Giles, Research Analyst at Equilar, authored this post. Please contact Amit Batish, Content Manager, at firstname.lastname@example.org for more information about this article.
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