Brooks Barnes, NYTimes:

Mr. Iger, who has run Disney for nearly 15 years, would be replaced as chief executive by Bob Chapek, a 27-year veteran of the entertainment conglomerate who has most recently served as chairman of Disney’s theme parks and consumer products businesses.

And:

“In thinking about what I want to accomplish before I leave the company at the end of ’21, getting everything right creatively would be my No. 1 goal. I could not do that if I were running the company on a day-to-day basis.”

And:

Mr. Chapek, who has limited creative experience, became the seventh chief executive in Disney’s nearly 100-year history. He can come across as a bit stiff in comparison to the magnetic Mr. Iger, whose celebrated run at the company has made him a corporate celebrity.

From a public point of view, this was absolutely an abrupt move, timed unfortunately to a stock market correction.

Gonna be hard to replace Iger, though Chapek seems a reasonable choice. Chapek oversaw construction of the Disney theme park’s massively successful Star Wars: Galaxy’s Edge and Rise of the Resistance ride. No small thing.