Disney CEO Bob Iger will stay for at least two more years

Disney CEO Bob Iger has prolonged his contract by 2026, the corporate mentioned in a press launch. Which means he’ll be staying on the firm longer than he initially mentioned again when he returned to the corporate. After his preliminary run as CEO from 2005 till 2020, Iger returned to Disney late final yr in a shock announcement, and on the time, he promised to solely keep for 2 years and discover a potential successor earlier than his tenure was over.

In an announcement, Iger mentioned he’s staying longer “as a result of I need to guarantee Disney is strongly positioned when my successor takes the helm.” He continued: “The significance of the succession course of can’t be overstated, and because the Board continues to judge a extremely certified slate of inside and exterior candidates, I stay intensely centered on a profitable transition.”