Written By Kieran Bugg • U.K. Editor
Bob Iger has extended his contract as Disney’s CEO until 2026 rather than stepping down by end of the year. During Bob Iger’s first reign as the CEO of Disney, the company was at the top of the entertainment industry as a whole.
So much so that his leadership has been regarded as Disney’s second renaissance era. In addition, he also orchestrated the various acquisitions of major film studios such as Pixar, Marvel Studios and Lucasfilm.
Bob Iger Extends Disney Contract Until 2026
Image: Google Images
Basically without Bob Iger, Disney, Pixar, Marvel and Star Wars wouldn’t be as successful as they are today. He even made sure that Kevin Feige answered directly to him rather than Ike Perlmutter saving the MCU from losing it’s most valuable asset.
Nonetheless, the effects of his failed successor Bob Chapek have been felt on each brand. Poor choices made by Chapek have resulted in diminishing returns on multiple high budget films and TV shows.
So much so that the board elected to remove him as CEO and ask Iger to come back and make things right. Upon his return, he made it clear that the studio would be prioritising quality over quantity.
Moreover, it’s now been confirmed that Iger has extended his contract to remain as CEO until 2026. His original contract would’ve seen him retiring from his role as CEO once again at the end of the year.
Bob Iger Extends Disney Contract Until 2026
Image: Google Images
Overall this is a smart move for Disney as Bob Iger has continuously proven to be one of the most successful CEOs in Hollywood. Furthermore, Disney chairman Mark G. Parker had this to say about Iger contract extension:
“Time and again, Bob has shown an unparalleled ability to successfully transform Disney to drive future growth and financial returns, earning him a reputation as one of the world’s best CEOs, Bob has once again set Disney on the right strategic path for ongoing value creation, and to ensure the successful completion of this transformation while also allowing ample time to position a new CEO for long-term success, the Board determined it is in the best interest of shareholders to extend his tenure, and he has agreed to our request to remain Chief Executive Officer through the end of 2026.”