Bob Iger To Remain Disney CEO/Chairman For Two Additional Years Under Contract Extension
October 3, 2014 at 4:18 AM (PT)
BOB IGER's departure from the CEO and Chairman posts at the WALT DISNEY CO., announced as coming in JUNE 2016 when he signed his last contract in 2013, has been extended to JUNE 2018 under the terms of a new two-year extension announced THURSDAY (10/2).
IGER will name a COO next year, widely seen as the selection of an heir apparent for the posts he will vacate. His contract extension retains the same terms as before, but adds a performance-based retention bonus based on goals over a five-year period ending in 2018.
DISNEY owns ESPN RADIO/ESPN AUDIO and RADIO DISNEY, and is selling all of RADIO DISNEY's broadcast stations with the sole exception of KDIS-A/LOS ANGELES.