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.

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