Bob Iger to be replaced as Disney CEO in 2015, will become executive board chairman through mid-2016

in Disney

The Walt Disney Company announced today that CEO Bob Iger’s contract will be extended through June 2016, but his roles will soon change. Existing Disney board chairman John E. Pepper has announced plans to resign from his position at Disney’s 2012 annual shareholder, at which point Iger will assume the role of chairman, remaining as CEO through March 31, 2015. At that time, a successor for Iger will be named, though he will continue to serve as executive chairman for 15 months, through June 30, 2016.

Update (7/1/13) – It was announced that Iger will now remain Disney’s chairman and CEO through through June 30, 2016.

In a statement, Iger said, “I’m privileged and grateful to lead The Walt Disney Company and our talented, dedicated team at this exciting time. I’m committed to increasing long-term value for shareholders and am confident we will continue to do so through the successful execution of our core strategic priorities: the creation of high quality, branded content and experiences, the use of technology, and creating growth in numerous and exciting international markets.”

Bob Iger has served as Disney’s president since 2000, replacing Michael Eisner as CEO in 2005.

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