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Eisner Won’t Seek Disney Chairman Post

9/20/2004 10:11 AM Eastern

The Walt Disney Co. CEO Michael Eisner said he expects to leave the company’s board after stepping down as CEO in September 2006, Reuters reported.

There had been speculation that he would become chairman at that time.

"I have not asked the board to stay on the board or be chairman after the end of my contract. My assumption is that I would not continue on the board or as chairman," Eisner said in an interview with Fortune magazine released Monday.

He added that he would not step down as CEO before 2006, saying, “There's no chance of it in my mind today because I've committed to see through to 2006 the orderly process of transition and strategic planning. I just don't see that on the horizon.”

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