The board of Walt Disney Co. voted to extend Chief Executive Bob Chapek'sChapek's contract for three years. Disney was dealt a tough hand by the Pandemic, yet with Bob at the helm, our businesses - from parks to streaming - not only weathered the storm but emerged in a position of strength, according to Susan Arnold, Disney Chairman. In this important time of growth and transformation, the Board is committed to keeping Disney on the successful path it is on today, and Bob's leadership is key to achieving that goal. Bob is the right leader at the right time for The Walt Disney CompanyDisney Company, and the Board has full confidence in him and his leadership team. Chapek, 63, who spent nearly 30 years at Disney, replaced Bob Iger in February 2020. In 2022, Disney's stock is down 38%, and the S&P 500 index SPX has declined 20% this year.