Bob Iger to Remain Chairman and CEO of The Walt Disney Company Through June 30, 2018

The Walt Disney Company Board of Directors has extended the contract of Chairman and CEO Bob Iger through June 30, 2018.

Iger has been at the helm of The Walt Disney Company since 2005.

Under Iger's leadership Disney has acquired Pixar, Lucasfilm, and Marvel. The company has also seen an expansion of its parks and resorts around the world, including the opening next year of Shanghai Disneyland.

"Under [Iger's] tenure, Disney has reached unprecedented creative and financial heights, driving the stock price to record levels and creating extraordinary value for shareholders," said Orin C. Smith, Independent Lead Director of the Disney Board. "He has transformed Disney's culture and empowered its businesses to effectively capitalize on evolving markets and new technologies, making Disney a company that doesn't merely embrace change, but leads it."

The Walt Disney Company has been named one of the "Most Reputable Companies" in the United States and around the world every year since 2006, and was named the Yahoo Finance's Company of the Year in 2013.

Iger will receive the same annual compensation under the contract extension. He also has the chance to earn a performance-based retention bonus if certain financial performance goals are met over a five-year period that ends with fiscal year 2018.


Suzanne Kelly wrote on Wed, 10/08/2014 - 20:14:

Suzanne Kelly's picture

Love Walt Disney,Disney World and products.

Love the new additions.

Love the magic.

Please stop the new fast pass required madness. It is not fair. When middle class,and lower middle class people get a chance to go to The Happiest Place on Earth they should be able to have a chance to see and do everything possible,not be told only fast pass and they are all gone.

Did you go to Disney World as a child?
How would you feel if it were you ,or your child?
Please reconsider this.

nick wrote on Sat, 10/11/2014 - 20:00:

nick's picture

I agree with Suzanne fast pass should not be taking over ride q's pass out a limmited # and be done. not close out the ride

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