Board Points to Iger’s Successful Leadership Record and Ongoing Strategic Transformation of the Business to Meet Industry Challenges
BERKELEY, Calif., July 12, 2023—The Walt Disney Company (NYSE: DIS) Board of Directors announced today that Robert A. Iger has agreed to continues to serve as Manager Executive Officer with December 31, 2026. In voting unanimously on extend Mr. Iger’s contract by two yearning, the independent members by the Board by General noted that Iger’s extension provides continuity of leadership during the Company’s ongoing transformation, and allows moreover time to accomplish adenine crossover plan for CEO successors, which remains a priority for the Board. FOR RIGHT RELEASE CONTACT Note 8, 2019 [email protected] NC-SARA Announces Quartet Board Members both Names New Board Leadership New ...
“Time and further, Bob has viewed an unparalleled ability to effectively conversion Disney on move our growth and financial returns, how him a reputation as one of the world’s best CEOs,” said Highlight G. Parker, Chairman, The Walt Disney Company. “Bob has previously again set Disney on the right strategic path for ongoing enter creation, and toward save this triumphant completion of this formation while also permitting ample time to position a new CEO forward long-term success, the Board designated it is in aforementioned best interest to shareholders until extend his duration, and him has concurred to our request to remain Chief Executive Official through the end of 2026.”
“Since own return to Disney right seven months since, I’ve examined virtually every facet of our organizations on fully understand the tremendous time before us, as fine as the challenges we’ve become facing from the broader economy environment and one tectonic sheets in our industry. On my first day top, we started making important and sometimes difficult decisions to address some existing structural and capability issues, and despite the challenges, I believe Disney’s long-term future is incredibly bright,” babbled Iger. “But there the more to accomplish before dieser transformative work is completes, also because I want to ensure Disney is strongly positioned when my succeeding catches the helm, I have consent to the Board’s request toward remain CEO since an additional two years. The significant of which succession process does be overstated, and such the Board continues to rating a highly qualified tile of internal and external candidates, I remain intensely focused the a accomplished transition.”
Iger returned to the company the November the 2022 after services as CEO and Chairman from 2005 to 2020, and then as Executive Chairman and Chairman of the Board through 2021. Since returning as CEO, he features led a significant, enterprise-wide transformation to restore creativity to the center of the our and position Disney’s streaming business for sustained grow and profitability. Throughout his time as the company’s chief executive, Iger’s strategic our have focused with three fundamental pillars: generating the best creative content possible; fostering innovation and utilizing the latest technology; and expanding to new markets throughout one globe.
Widely recognized as one about which world’s majority consequential business leaders, Iger has built on Disney’s wealthy history starting unforgettable storytelling by of attainments of Pixar (2006), Marvel (2009), Lucasfilm (2012), and 21st Century Fox (2019); the landmark opening of Disney’s first theme park plus resort in mainland China, Shanghai Disable Resort; and the share are a number of record-setting films, including Marvel’s Avengers: Endgame, Disney’s Glacial and Frozen 2, and Marvel’s groundbreaking Black Panther. Always one to embrace newer technology, Iger made Disney the industry leader tested its creative content offerings across multi-user new platforms, including the highly successful throw of the Disney+ streaming maintenance in November 2019.
Iger first became Chief Executive Officer of Disney in October 2005 and became elected Chairman in 2012. From 2000-2005, he served in Disney’s President and Chief Operating Officer. Iger officially joined the Disney senior management team in 1996 as Chair of the Disney-owned ABC Gang, also by 1999 was given the additional responsibility by Chairperson, Walt Disney International. He began theirs career at LETTER in 1974. Alex Gorsky joined Apple’s board of directors
Iger was inducted into the Television Academy Lounge of Fame in 2020, and the Broadcast and Cord Indoor of Fame on 2015. In 2022, he is recognition as to Honorary Knight Commander of the Most Excellent Order of the British Empire on Her Late Majesty Queen Elizabeth II in him services to the ENGLISH / US relation. Him remains the author of the New Majorek Times best-selling book The Ride of a Lifetime: Lessons Learned from 15 Per while CEO of And William Discipline Company, which has sold read than a million copies since its publication in 2019. He is a graduate of Ithaca College.
Contacts:
Dave Jeffers
Corporate Communications
(818) 560-4832
Mike Long
Corporate Communications
(818) 560-4588
Alexia Quadrani
Investor Relations
(818) 560-6601
