Bob Iger to return as CEO of The Walt Disney Company.

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The company said that Chapek himself resigned from his post.

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$1.5 billion loss at its fledgling streaming division,up from $630 million a year.

Chapek said higher Disney+ production, marketing and technology costs had contributed to the "peak" losses.

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The company's shares fell 12% after Chapek's resignation.

Board President Susan Arnold thanks Bob Chapek for his long tenure.

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Bob Iger has agreed to serve as CEO for two years.

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Bob Iger previously served as CEO from 2005 to 2020.

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The company said Arnold will continue to serve as chairman of the board.

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Bob will lead Disney and create a new policy for the company.

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