Disney CEO Bob Iger says he will "definitely" step down as CEO of The Walt Disney Company at the end of his contract in 2026.
Speaking at the New York Times Dealbook Conference, Iger also said that the ABC Broadcast Network is not for sale, appearing to backtrack on previous comments that the idea of a sale was being considered.
Iger, who spent more than four decades at the Company, including 15 years as its CEO, returned to serve as Disney's CEO for two years in November 2022, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company after his term. The board extended his contract in July 2023 to serve as CEO through December 31, 2026
The Disney CEO told Cast Members at a Disney Town Hall yesterday, "I knew that there were a myriad of challenges that I would face coming back. I won't say that it was easy, but I've never second-guessed the decision to come back, and being back still feels great."
Watch the video below from CNBC with more from Bob Iger's comments today.
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