Bob Iger to Remain Chairman and CEO of TWDC Until 2019
The Walt Disney Company Board of Directors announced that it has extended Robert A. Iger’s contract as Chairman and Chief Executive Officer (CEO) to July 2, 2019.
Orin C. Smith, Independent Lead Director of the Disney Board said “Given Bob Iger’s outstanding leadership... and his clear strategic vision for Disney’s future, it is obvious that the Company and its shareholders will be best served by his continued leadership as the Board conducts the robust process of identifying a successor.”
Orin C. Smith, Independent Lead Director of the Disney Board said “Given Bob Iger’s outstanding leadership... and his clear strategic vision for Disney’s future, it is obvious that the Company and its shareholders will be best served by his continued leadership as the Board conducts the robust process of identifying a successor.”
Mr. Smith continued: “Mr. Iger has led The Walt Disney Company to unprecedented success during his 11 years as CEO, driving Disney to new creative heights, expanding the Company’s global reach, fostering technological innovation, and delivering year-after-year of record financial results. During his tenure, Mr. Iger has created enormous value for shareholders, with total shareholder return of 448%, compared to 144% for the S&P 500, and a dramatic increase in the Company’s market capitalization to $177 billion from $46 billion.”
“Leading this great company is a tremendous privilege, and I am honored to have been asked to continue serving as CEO through July 2, 2019,” Mr. Iger said. “Even with the incredible success the Company has achieved, I am confident that Disney’s best days are still ahead, and I look forward to continuing to build on our proven strategy for growth while working with the Board to identify a successor as CEO and ensure a successful transition.”
Since Mr. Iger, 66, became CEO, The Walt Disney Company has been recognized as one of the “Most Reputable Companies” in both America and the world by Forbes magazine (2006-2017); one of “America's Most Admired Companies” by Fortune magazine (2009-2017); one of the “World's Most Respected Companies" by Barron’s (2009-2016); one of the “Best Places to Launch a Career” by BusinessWeek magazine (2006-2010); and as “Company of the Year” by Yahoo Finance (2013).
PHOTO: © 2017 The Walt Disney Company. All Rights Reserved.
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