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Disney Board Extends Bob Iger’s CEO Contract Until 2026

The Walt Disney Company Board of Directors has announced that Robert A. Iger has agreed to continue to serve as Chief Executive Officer until December 31, 2026. The independent members of the Board of Directors extended Iger’s contract by two years, noting the continuity of leadership needed during the company’s ongoing transformation and the importance of a well-executed transition plan for CEO succession.

“Bob has demonstrated an unparalleled ability to successfully transform Disney to drive future growth and financial returns,” said Mark G. Parker, Chairman, The Walt Disney Company. “His extension allows more time to position a new CEO for long-term success and ensures the successful completion of this transformation.”

On Returning to Disney

“Since my return to Disney, we began making important decisions to address some existing structural and efficiency issues, and despite the challenges, I believe Disney’s long-term future is incredibly bright,” said Iger. “There is more to accomplish before this transformative work is complete, and I am focused on a successful transition.”

According to the company, Iger has led a significant transformation to restore creativity to the centre of Disney and position its streaming business for sustained growth. His strategic vision is built on generating the best creative content possible, fostering innovation and utilising the latest technology, and expanding into new markets across the globe.

Under Iger’s previous leadership tenure, the company acquired Pixar, Marvel, Lucasfilm, and 21st Century Fox; opened Disney’s first theme park and resort in mainland China, Shanghai Disney Resort; and released record-setting films like Marvel’s Avengers: Endgame, Disney’s Frozen and Frozen 2, and Marvel’s groundbreaking Black Panther.

Iger was inducted into the Television Academy Hall of Fame in 2020 and recognised as an Honorary Knight Commander of the Most Excellent Order of the British Empire by Her Late Majesty Queen Elizabeth II in 2022.

Visit https://thewaltdisneycompany.com/

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