Bob Iger’s contract as CEO of the Walt Disney Company has been extended until the end of 2026 by the board, adding two more years to his tenure, reports CNN.
After initially stepping down to retire in 2020, the high-profile Iger returned to his post as CEO in 2022 with the intention of staying for only two more years while the company searched for a suitable replacement. Iger has agreed to stay longer to ensure a smooth transition for his successor, but he emphasized that he remains intent on finding the company’s next CEO.
Iger’s first term as Disney CEO lasted 15 years, from 2005 to 2020.
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