Disney Board Renews Bob Chapek as C.E.O.

For months, Hollywood has been engaged in a guessing game about Bob Chapek’s future as Disney’s chief executive, with detractors contending that missteps had sealed his fate with Disney’s board: His reign would soon be over.

Not so.

The Walt Disney Company’s board renewed Mr. Chapek’s contract for another three years on Tuesday. That means that Mr. Chapek could remain at the helm of Disney until at least 2025.

Mr. Chapek, 63, faces a…