From ABC News
The Walt Disney Company directors announced today that CEO Robert A. Iger’s contract will be extended through June 2016 and he will take on the added role of chairman as part of a succession plan that will include a new chief executive in 2015.
“Under the new agreement, effective Oct. 1, Iger will assume the role of chairman in addition to chief executive officer following Chairman John E. Pepper’s retirement from the board at Disney’s 2012 annual shareholder meeting in March. Until then, Iger will remain president and chief executive officer,” Disney said in a statement.
“Iger will hold the positions of chairman and chief executive officer through March 31, 2015, at which time a new CEO would be named; Iger will thereafter serve as executive chairman for 15 months through June 30, 2016. Iger’s current contract was set to expire on Jan. 31, 2013.”
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