The CEO position at Disney continues to have a cloudy future beyond the second half of year 2018. After it was reported back in October 2014 that Disney had extended the contract for Bob Iger through June of 2018, the title appeared to be on solid ground for the next several years. Then we received word early last month that Disney chief operating officer Thomas Staggs would be stepping down from his position. This news came as a surprise to many as it was widely thought that Staggs would replace Iger as CEO once Iger’s contract had come to an end.
In light of Stagg’s departure, Iger stated yesterday that he is not interested in extending his role as Disney’s CEO beyond the June 2018 timeframe.
On a conference call with analysts, CEO Bob Iger said he has no intention of extending his employment contract beyond its expiration in June 2018. The topic of succession at Disney has been an important one for shareholders since Iger’s heir apparent, COO Thomas Staggs, said last month he would step down.