Disney Extends Bob Iger's Contract Until June 2016.

Over at Variety.com they are reporting that Disney is extending Bob Iger's contract until 2016.

Originally Iger had planned to step down in 2015 but with such a busy year with Star Wars VII and Star Wars theme parks in the pipeline it was decided this was better for both.

“For nearly eight years as chief executive officer, Bob Iger has proven he has the unique ability to drive creative and financial success at the world’s preeminent entertainment company,” said Orin C. Smith, the independent lead director of the Disney board in a statement.

“Now, Disney will continue to have the full benefit of Mr. Iger’s leadership as CEO and chairman for the duration of his tenure,” Smith said. “The board remains focused on effective succession planning, and will continue to develop a sound and appropriate process for ensuring a smooth management transition.”

Read the full article here http://variety.com/2013/film/news/disney-extends-bob-igers-deal-through-2016-1200503647/

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