Disney CEO Bob Iger Contract Extended

Robert “Bob” Iger will stick around as the head of the Walt Disney Company for a few more years.

Disney announced Monday that Iger’s contract as chairman and CEO was extended through June 30, 2016. His contract terms did not change. Iger was originally supposed to step down as CEO in 2015, and stay on as chairman until 2016.

Disney acquired Marvel, Pixar and Lucasfilm properties under Iger’s leadership. Disney says the new Avatarland at Disney’s Animal Kingdom in Lake Buena Vista, and Shanghai Disneyland, are both supposed to open in 2015.

The shareholders are particularly happy with Iger. In an official news release, Orin Smith, independent lead director of the Disney Board, said shareholders saw a return of 193 percent.

Robert Iger has been CEO for nearly 8 years. He took over in 2005, after Michael Eisner.

Wishing you Faith, Trust, and Pixie Dust

Sunshine

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