Robert Iger to Stay on as Disney’s CEO Into 2019

As many expected, Robert Iger will stay on a while longer as Disney’s CEO and Chairman.

The Walt Disney Company board said Thursday that it had extended Iger’s contract to July 2, 2019.

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The board cited Iger’s “outstanding leadership, his record of success in a changing media landscape, and his clear strategic vision for Disney’s future.”

Iger, who is 66, had previously set a target departure date of 2018; his previous contract ran into mid-2018. But last April, one of the leading candidates to succeed Iger, Disney COO Thomas Staggs, stepped down.

Iger became Disney’s President and Chief Operating Officer in 2000, and added the CEO title in 2005 after Michael Eisner departed. He became chairman in 2012.

During his tenure at Disney, the entertainment giant has expanded its holdings to include Pixar in 2006, the Marvel comics brand in 2009 and Lucasfilm and its Star Wars franchise in 2012. Last year, Disney became the first studio to take in more than $7 billion in worldwide box office receipts, with hits such as Finding Dory, Captain America: Civil War, Doctor Strange, Rogue One: A Star Wars Story, Moana and The Jungle Book.

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SOURCE: USA Today, Mike Snider

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