"Bob is the appropriate leader for The Walt Disney Company at the right moment,
and the board has complete confidence in him and his leadership team," said Disney chair Sue Arnold.
Walt Disney Company (DIS) - The Walt Disney Company Report shares rose slightly Wednesday
as the entertainment conglomerate's board of directors decided to extend CEO Bob Chapek's term for another three years.
Chapek, who succeeded veteran CEO Bog Iger in February 2020, has led the corporation through the worst of the Covid epidemic
while maintaining investment and enthusiasm in the group's valuable Disney+ streaming program.