March 3, 2026
Disney extends CEO Bob Iger’s contract through 2026

Disney extends CEO Bob Iger’s contract through 2026

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” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>

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Last Updated: July 12, 2023 at 5:53 p.m. ET First Published: July 12, 2023 at 5:31 p.m. ET

Iger’s contract extended by 2 years as Disney seeks ‘continuity’; media giant lost its CFO last month

Bob Iger will be Disney’s CEO through 2026.

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Bob Iger’s sequel at Walt Disney Co. just got renewed for a few more seasons.

Disney DIS, +0.74% said late Wednesday that its board has extended the chief executive’s contract through December 2026, praising Iger’s “successful leadership record and ongoing strategic transformation of the company.”

Disney stock gained 0.6% in the extended session Wednesday after the news.

The board vote was unanimous and the extension not only provides a continuity of leadership but also more time for a CEO succession plan, Disney said.

Disney lost Chief Financial Officer Christine McCarthy last month, with Kevin Lansberry, executive vice president and CFO of Disney Parks, Experiences and Products, serving as interim CFO.

Related: Disney’s stock is slumping, but one analyst sees a silver lining

Iger returned to Disney in November after serving as CEO and chairman from 2005 to 2020, and then as executive chairman and board chairman through 2021. His return to the CEO role was meant to last two years.

As Disney CEO, Iger replaced Bob Chapek, who left under a cloud after unpopular decisions such as one to stream new movies on Disney+ the same day they hit theaters.

Shares of Disney have gained 3.8% so far this year, compared with an advance of around 16% for the S&P 500 index SPX, +0.74%.

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Lucid’s stock is under pressure on Wednesday after a huge delivery miss.

Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

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