Disney Extends CEO Iger Into 2018

The Walt Disney Co. said it extended Bob Iger’s contract as chairman and CEO of the company through June, 30, 2018.

Under Iger’s predecessor, Michael Eisner, Disney had trouble setting up a succession plan as a series of heirs apparent fell out of favor. It is not clear who at the company would succeed Iger when he does retire, two years later than previously planned.

Under Iger, the company has been successful, with acquisitions of iconic brands such as Marvel and Star Wars helping to boost the company’s stock to record levels. Disney has also been a leader in adopting new technologies throughout its business.

For more, see this story at broadcastingcable.com.

Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.