Disney CEO Bob Iger told the New York Times’ DealBook Summit on Wednesday he will “definitely step down” once his contract expires at the end of 2026.
The executive returned to the entertainment giant in November 2022 following the ouster of his successor-turned-predecessor Bob Chapek.
“I was disappointed in what I was seeing in the transition period and while I was out,” he said, but noted that he “worked hard at distancing myself from it.” He added that a “robust” process is currently underway to identify a new successor.
Following Iger’s return to Disney, the company has embarked on a plan to cut $5.5