Disney CEO Bob Iger Will Be Stepping Down in 2021
Disney CEO and Chairman Robert Iger confirmed during an investors meeting this week that he will be stepping down from his post at the end of his current contract which expires in 2021. At the time of his retirement, Iger will have been with the company for an impressive 21 years. He first signed on as president and chief operating officer back in 2009and stepped up into the CEO role when Michael Eisner departed 5 years later.
Iger was originally slated to step down in his role of CEO last year but extended his contract when it looked like a possible merger with FOX as well as the acquisition of other assets including the company’s 30% stake in Hulu.
In addition to the Fox acquisition, other career highlights include the 2006 acquisition of Pixar ($7.4 billion), Marvel Entertainment in 2009 ($4 billion) and most recently Lucasfilm in 2012 ($4.6 billion)
As we mentioned earlier today, the company’s new streaming service DIsney+ will launch on November 12. For more information on Disney+ check out this article.
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