Bob Iger (pictured) is to stay at the Walt Disney Company until 2016, but will relinquish his role as CEO in 2015 as part of a newly announced succession plan.
“Under the new agreement, effective October 1, Iger will assume the role of chairman in addition to chief executive officer following Chairman John E Pepper’s retirement from the board at Disney’s 2012 annual shareholder meeting in March. Until then, Iger will remain president and chief executive officer,” Disney said in a statement.
“Iger will hold the positions of chairman and chief executive officer through [to] March 31, 2015, at which time a new CEO would be named; Iger will thereafter serve as executive chairman for 15 months through June 30, 2016. Iger’s current contract was set to expire on January 31, 2013.”
