Bob Iger steps down as Disney CEO, effective immediately

Disney announced Tuesday that CEO Bob Iger will step down and become executive chairman through 2021, effective immediately. Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO.
Bob Iger (left) and Steve Jobs (photo: John G Mabanglo/EPA/Shutterstock)
Lauren Feiner for CNBC:Iger will remain executive chairman of Disney through the end of 2021, according to the company. He has been instrumental in making Disney a media powerhouse