The Walt Disney Company Board of Directors voted this week to extend the contract of CEO and Chairman Bob Iger to July 2019.
Iger,66, has served as the CEO of The Walt Disney Company for 11 years.
The new contract has him serving until July 2, 2019.
Iger’s contract was slated to end in 2018, but industry insiders are reporting that there is no “heir apparent” for the long-time CEO.
Former Disney COO Tom Staggs was largely considered by many to be Iger’s replacement until his departure from the Company last year.
A few of the milestones during Iger’s tenure include: Disney has been named one of the most reputable companies in America and the world (Forbes); one of the most admired companies in the world (Fortune); and Company of the Year (Yahoo).
