Shares of The Walt Disney Company (DIS) are rising more than 6% Monday morning after the media giant announced that its former Chief Executive Robert A. Iger is returning to the company as CEO, effective immediately.
Iger succeeds Bob Chapek, who has stepped down from his position.
Iger served the company for more than four decades, including 15 years as its CEO.
DIS, currently at $98.14, has traded in the range of $86.28-$160.32 in the last 1 year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.