The Walt Disney Company announced this week that Chairman and CEO Bob Iger will remain in that post through June 2016. His contract originally called for him to retire as CEO in April 2015 and transition to the role of executive chairman.
Iger was named CEO of the company on September 30, 2005, and in the last eight years has overseen the acquisition of Pixar, Marvel, and Lucasfilm, in addition to major renovations and additions at the company’s theme parks.
“For nearly eight years as chief executive officer, Bob Iger has proven he has the unique ability to drive creative and financial success at the world’s preeminent entertainment company,” said Orin C. Smith, Independent Lead Director of the Disney Board, in a statement released by The Walt Disney Company.
The company also noted that during Iger’s tenure The Walt Disney Company has “repeatedly been recognized as one of the “World’s Most Respected Companies” by Barron’s, ranking No. 2 in the magazine’s just-released 2013 survey; one of the “World’s Most Admired Companies” by Fortune; and No. 1 among “America’s Most Reputable Companies” in a 2013 independent survey conducted by consulting firm Reputation Institute and published by Forbes.”
Iger’s contract expires on June 30, 2016.