At today’s Walt Disney Company 2021 Annual Meeting of Shareholders Disney Executive Chairman Bob Iger confirmed he will be leaving Disney on December 31st, 2021.
Bob Chapek took over the role as CEO back in February of 2020, allowing Bob Iger to fill the role of Executive Chairman until the economy bottomed out due to COVID-19. Iger stepped back in to assist Bob Chapek to run the company while Disney Theme Parks were closed.
It was confirmed that Bob Iger will once again be leaving Disney at the end of this year not that Disney was recovering from the economic setback due to the Coronavirus.
There is no word on where he will go after he leaves Disney but today was Bob Iger’s last shareholder meeting.
Also, Shareholders of The Walt Disney Company re-elected all ten members of the Board of Directors at the virtual 2021 Annual Meeting held today.
Based on preliminary results, all Disney Directors standing for election were elected to the Board: Susan E. Arnold, Mary T. Barra, Safra A. Catz, Robert A. Chapek, Francis A. Desouza, Michael B. G. Froman, Robert A. Iger, Maria Elena Lagomasino, Mark G. Parker, and Derica W. Rice.
Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent accountants for the fiscal year ending October 2, 2021. They also approved the advisory resolution on executive compensation.
Shareholders agreed with the Board in rejecting two shareholder proposals, one on lobbying disclosure and the other requesting non-management employees be included on director nominee candidate lists.
Final voting tallies from this year’s annual meeting are subject to certification by the Company’s inspector of elections and will be included in the Company’s report to be filed with the Securities and Exchange Commission within a week.