Walt Disney Company CEO, Robert A. Iger, has signed a new contract with the company to be CEO until 2013, BusinessWire reports.
Mr. Iger’s previous contract would have expired on September 30, 2010. The new contract will end on January 31, 2013.
“Bob is a talented and visionary leader, under whom Disney has posted increases in growth and profitability that have consistently exceeded expectations,” said John E. Pepper Jr., chairman of The Walt Disney Company Board of Directors. “We are confident he will continue to lead this extraordinary company and talented management team to new levels of creative and business success.”
says the press release. The Board of Directors also approved a new five year contract for Senior Executive Vice President and Chief Financial Officer Thomas O. Staggs to April 1, 2013.