Disney’s Bob Iger to serve as CEO through 2026

Bob Iger

The Walt Disney Company board of directors has extended Bob Iger’s contract as chief executive officer through to 2026.

The board of directors voted unanimously to extend Iger’s contract by two years.

During the company’s ongoing transformation, Iger’s continued leadership will provide more time to execute a transition plan for CEO succession.

Iger returned to the company in November of 2022 after serving as CEO and chairman from 2005 to 2020, and then as executive chairman and chairman of the board through 2021.

During his tenure, the Disney boss has been behind the acquisitions of Pixar (2006), Marvel (2009), Lucasfilm (2012), and 21st Century Fox (2019).

“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,” said Mark G. Parker, chairman, The Walt Disney Company. “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”.

“Since my return to Disney just seven months ago, I’ve examined virtually every facet of our businesses to fully understand the tremendous opportunities before us, as well as the challenges we’ve been facing from the broader economic environment and the tectonic shifts in our industry. On my first day back, we began making important and sometimes difficult decisions to address some existing structural and efficiency issues, and despite the challenges, I believe Disney’s long-term future is incredibly bright,” said Iger.

He added, “The importance of the succession process cannot be overstated, and as the Board continues to evaluate a highly qualified slate of internal and external candidates, I remain intensely focused on a successful transition.”