It looks like Mr. Iger’s reign as Walt Disney’s chief executive and chairman will be longer than originally thought. Iger has extended his contract through 2018.
Since Iger’s reign began back in 2005 Disney stock has more than quadrupled in value and the company has gained iconic brands such as the Marvel, Lucasfilm and Pixar acquisition.
Iger was originally suppose to step down as CEO in March of 2015, which he would then have stayed in office until 2016. Disney extended his contract through 2016. This would have him leaving after two major upcoming events for The Walt Disney Company, the opening of Shanghai Disneyland and the first Star Wars movie under the Disney name.
Chief Financial Officer Jay Rasulo and Thomas Staggs are reportedly the two top contenders for Iger’s position when he steps down.