Disney CEO Bob Iger has confirmed that he will step down in July, 2019.
Iger spoke this week at Vanity Fair’s New Establishment conference and said, “This time I mean it. It’s time.” The Disney boss had previously planned to leave the company in 2016, and then again in 2018, but those plans were pushed back when he agreed to a one-year extension through July 2, 2019.
It is not known why Iger opted to extend his contract, but speculation revolves around the decision of his rumored replacement, Tom Staggs, to leave the company. It is unclear who will succeed Iger, but with a year to prepare for his departure, Disney should have ample time to groom someone from within the company or search for the right person from outside the company.
Iger has been CEO of Disney since 2005 when he took over for Michael Eisner. Under his leadership, Disney acquired many intellectual properties, most notably, Pixar in 2006, Marvel in 2009, and Lucasfilm in 2012. He has yet to reveal his plans for post-Disney, but there is growing talk that it might include a political run. Iger was asked about a possible career in politics and refused to shut the door saying simply, “Let’s not go there.”
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