DISNEY SHARES DOWN 2% AFTER 'SURPRISE'

(Reuters) - Shares of Walt Disney Co (DIS.N) fell 2% on Wednesday after the media giant’s surprise move to replace top boss Bob Iger raised questions on Wall Street if his successor Bob Chapek had sufficient experience in the entertainment business.

Chapek headed Disney’s parks business, its largest, and oversaw the opening of the company’s first theme park and resort in mainland China and the creation of the new Star Wars: Galaxy’s Edge lands at Disneyland and Walt Disney World.

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