Ahead of his departure from The Walt Disney Company later this year, former Disney CEO Bob Iger has sold off nearly $100 million worth of Disney stock.
The sale of more than 550,000 shares represents roughly half of his stake in the company. SEC filings revealed the sale.
Iger was CEO from 2005 to 2020 after joining The Walt Disney Company via an acquisition in 1995. Iger was replaced as CEO by Bob Chapek, who has been in the role since February 2020.
Disney Names Bob Chapek as CEO, Replacing Iger Effective Immediately
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