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Disney CEO Bob Iger says he will go down in 2021



  Robert Iger, CEO of Walt Disney Co., arrives one morning at Allen & Co. Media and Technology Conference in Sun Valley, Idaho, USA, Thursday, July 12, 2018.

David Paul Morris | Bloomberg | Getty Images

Robert Iger, CEO of Walt Disney Co., arrives one morning at Allen & Co. Media and Technology Conference in Sun Valley, Idaho, USA, Thursday, July 12, 2018. [19659004] Disney CEO Bob Iger said he definitely goes down from his post at the company in 2021.

Iger has extended his contract with Disney twice during his Engang in 2018 and then through 2021, but it was contingent upon the conclusion of the fax agreement. Since the merger is wrapped, Iger will remain with the company as the leader for the next two years.

" I have been engaged in the board for a while, and there is discussion of a sequence, and they have been engaged in a success process," says Iger. "And we continue to feel that they will be able to identify my successor on time enough, so this company has a smooth transition. "

Iger has contributed to many of Disney's acquisitions, including Pixar in 2006, Marvel in 2009 and Lucasfilm in 2012. He has also pushed for the launch of Disney +, a streaming service filled with original movies and TV shows as well as disney slate of classic animated and live action content.

There were rumors last year that Disney's internal restructuring was setting up two top executives as potential successors to Iger.

Kevin Mayer, 55, the company's strategic leader, was appointed as head of a new direct-to-consumer and international segment, and Robert Chapek, 58, park leader, added consumer products to his oversight.

Former consumer product chief James Pitaro, 48, was named ESPN leader, but considered a long shots for the CEO.


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