Disney announced today that CEO Bob Iger will remain at his post through March 2015, at which time he will step down to the role of executive chairman. Iger plans to remain in that role for 15 months to assist the company’s new chief executive as he or she comes aboard.
Iger has been the company’s chief executive since September 2005. During his time at the company’s helm, Disney has seen significant and important expansion and growth. He led the way for the $7.4 billion acquisition of Pixar in 2006, as well as the purchase of Marvel Studios in 2009, to the tune of $4.9 billion. In addition, Disney’s theme park division has seen massive expansion during his time in control, including an overhaul of Disney California Adventure at the Disneyland Resort, as well as the Fantasyland Expansion at Walt Disney World’s Magic Kingdom – the biggest expansion in that park’s history.
Upon retirement of Disney board chairman John Pepper, which is expected to be announced later next year, Iger will also assume that role.
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