Former Disney CEO Bob Iger Joins Thrive Capital as Partner

Bob Iger, former CEO of the Walt Disney Co., is joining venture-capital firm Thrive Capital as a venture partner, the company announced Tuesday.

Iger stepped down as Disney’s CEO in 2020 after a 15-year run, succeeded by Bob Chapek. Iger’s tenure as as executive chairman ended at the end of last year.

“Bob is widely recognized as one of the most visionary, innovative, and successful CEOs in history, and epitomizes daring leadership,” the VC firm said in a blog post. “Bob will bring his experience and expertise to bear in mentoring our founders as they build iconic companies spanning multiple industries, including healthcare, consumer technology, financial services, enterprise software, and more. Today’s complex and dynamic times require bold leadership, and we can think of no one better suited than him to mentor Thrive companies as they forge new ground.”

Iger served as Disney’s CEO from 2005 to 2020, overseeing the acquisitions of Pixar, Marvel, Lucasfilm, and 21st Century Fox. Also during his tenure, the media conglomerate launched Disney+ (in 2019) and ESPN+ (in 2018) streaming services, which are cornerstones of its growth strategy.

“I look forward to working with the extraordinarily talented team at Thrive as they strive to build and nurture companies that will be future industry leaders across key sectors,” Iger said in a statement. “I have long believed that by harnessing and advancing technology we can transform businesses and ultimately change our world for the better, and this is exactly what Thrive intends to do and I’m excited to join them in this important endeavor.”

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