The Walt Disney Company announced that they are extending Bob Iger’s contract as CEO through 2026. The former head of the company had returned to the position, after retiring in 2021, in November of 2022.
This is not the first time that the board has extended Iger’s tenure at the company. In fact, this is at least the third time that his contract has been extended — in 2017 (when it was supposed to be up in 2018), when it was extended until 2019 and then later that same year when it was elongated further until 2021.
When he returned to the company in November 2022, after a brief and disastrous run by Iger’s chosen successor Bob Chapek, he swore that he was just there to choose a successor (which he has yet to do) and that he would only run the company for another two years.