The Walt Disney Co. said it extended Bob Iger’s contract as chairman and CEO of the company through June, 30, 2018.
Under Iger’s predecessor, Michael Eisner, Disney had trouble setting up a succession plan as a series of heirs apparent fell out of favor. It is not clear who at the company would succeed Iger when he does retire, two years later than previously planned.
Under Iger, the company has been successful, with acquisitions of iconic brands such as Marvel and Star Wars helping to boost the company’s stock to record levels. Disney has also been a leader in adopting new technologies throughout its business.
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