Disney outlines succession plan

Disney boss Bob Iger has extended his contract with the company and announced a long term plan that will see the executive transition to chairman before ultimately stepping down in 2016.

Iger’s current deal with Disney, which started in 2008, was scheduled to expire in January. Under the terms of his new deal, Iger will replace outgoing chairman John Pepper after the 2012 AGM and leave the CEO role at end-March 2015. He will then step down as chairman in mid-2016. Iger started in the CEO role at Disney in 2005, replacing Michael Eisner.