Bob Iger

Disney CEO Bob Iger Confirms Plans to Step Down in 2019

Today Bob Iger confirmed that he will be stepping down in 2019. At the Vanity Fair’s New Establishment Summit Iger joked, “This time I mean it!” This came after confirmation of his intentions to retire.

The Disney Chairman and CEO was originally planning on retiring in 2016. However, he was given at three year contract extension. This appears to be the last extension that Iger will be taking.

Bob Iger took over The Walt Disney Company in 2005 from Michael Eisner. During his tenure, Disney has acquired Pixar, Marvel, and Lucasfilm. He also has overseen the resurrection and expansion of Disney animation, expansion of Disney Parks, and global expansion of the brand. Iger began is career at ABC where he worked up the ranks. He became president of the Network Television Group  of ABC in 1993. In 1999 he became president of Walt Disney International in 1999. One year later he took over as president and COO of The Walt Disney Company.

Inside the Disney community there has been much speculation about Iger’s retirement and replacement. At this point there is no clear heir apparent. There is still speculation that Iger will extend his contract yet again. However, the 66 year old executive seems to be signaling that his reign may be coming to an end.

What do you think of Bob Iger confirming his 2019 retirement date? Do you think this will happen? Who who do you think should succeed him? Let us know in the comments! 

 

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