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Disney to appoint new CEO in 2015

Bob Iger (pictured) is to stay at the Walt Disney Company until 2016, but will relinquish his role as CEO in 2015 as part of a newly announced succession plan.

“Under the new agreement, effective October 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 [to] 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 January 31, 2013.”

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