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Disney brings back Bob Iger as CEO in bid to boost growth

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Reuters UK

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Bob Iger is returning to Walt Disney Co. as chief executive less than a year after he retired, a surprise comeback that coincides with the entertainment company’s attempt to boost investor confidence and profits at its streaming media unit. Iger, who retired last year after 15 years as chief executive, has agreed to serve as CEO for two more years effective immediately, Disney said in a statement late on Sunday. He will replace Bob Chapek, who took over as Disney CEO in February 2020, just as the COVID-19 pandemic hit, leading to pa…

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