Disney extends CEO Bob Iger's contract 2 more years through 2026

abcnews.go.com:

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor.

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Iger rejoined Disney as CEO in November, taking over control of the company from Bob Chapek. He had previously served as CEO and chairman from 2005 to 2020 and then as executive chairman and chairman through 2021.

Chapek's short tenure was met by much criticism, particularly from Disney park loyalists who openly criticized Chapek on social media. The perception among many fans was that Chapek had a “business first, customer last” mentality.

Iger wasted no time once back in the CEO role, making one of his priorities reconnecting with the Disney theme park die-hards and restoring their faith in the brand.

“Because I want to ensure Disney is strongly positioned when my successor takes the helm, I have agreed to the board’s request to remain CEO for an additional two years. The importance of the succession process cannot be overstated, and as the board continues to evaluate a highly qualified slate of internal and external candidates, I remain intensely focused on a successful transition,” Iger said in a statement.

Iger’s has attempted to protect Disney World’s theme park district from a takeover by Florida Governor Ron DeSantis. Disney sued DeSantis in late April, alleging the governor waged a “targeted campaign of government retaliation” after