Disney Delays CEO Succession by Extending Iger Term to 2016
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Walt Disney Co. extended Robert Iger’s tenure as chief executive officer of the world’s largest entertainment company to June 2016, a move that delays his planned succession for 15 months.
Iger, 62, will now continue in both the chairman and CEO positions until mid-2016, Burbank, California-based Disney said yesterday in a statement. He was scheduled to relinquish the CEO title on April 1, 2015.