Disney CEO Bob Iger Extends Contract

Bob Iger, last year With his comeback to Disney, he said his contract would only last two years. Returning to his position as CEO in November 2022 with the decision of the board of directors, Iger’s contract seems to be extended to at least four years, according to the statements.

Disney, according to the statements Entrusted to Bob Iger until 2026. Iger, who will be the leader of Walt Disney for a longer time than expected, thus stated that he could not find a successor.

He announced that he was waiting for his replacement.

Walt Disney from 2005 to 2020 Iger, who was the CEO, had made a comeback to the company towards the end of last year. Although it is said that this return will be short-term, with the new statement, the period has been extended until 2026. Chairman of Disney by Mark G. Parker in the statement, “Bob has earned him fame by demonstrating a unique ability to successfully transform Disney to drive future growth and financial returns.He announced the extension of his contract.

The company’s problems and sectoral difficulties also supported this decision.

Iger, “When my successor takes the helm Disney in a strong position I accepted the Board’s request to remain CEO for two more years.” He made a statement describing the situation.

Also, as part of this announcement, the company announced that they would give him bonuses as part of the extension of his contract, saying that Iger’s compensation will receive a large increase. With a little calculation, Iger’s compensation is the maximum per year. $27 million thought to be attainable.

Since the return of 72-year-old Iger The company has gone through major restructuring, including the dismissal of 7,000 employees. Until 2026, we will see what will happen in the future.