Walt Disney CEO Robert Iger will step down from the post in year 2015, but will remain as an executive chairman till the summer of the subsequent year, the firm has whispered. Mr. Iger, 60, is going take on the position of chairman once John Pepper retires s from Disney forthcoming year.
He has been involved in the everyday functioning of the firm for 6 years. Under his stewardship, Disney bought Pixar studios for $7.4 billion and Marvel comics for $4.2 billion. Pixar was the firm bought by Steve Jobs in the year 1980, the Apple co-founder who died few days ago.
"Iger is going to hold the posts of chairman and CEO through March 2015, at which time a new CEO will be announced," the firm whispered in a statement. Mr. Iger's present agreement had been due to end in 2013.
"The board is pleased that the firm has been able to secure the longer-term continuance of Bob's exclusive blend of experience and leadership skills," Mr. Pepper whispered.
His capability to fetch together the most parts of Disney's business against a proven and clear policy, while instilling a ethnicity of collaboration, discipline and innovation, will carry on to provide the long-standing interests of stakeholders." Disney whispered Mr. Iger will get a basic salary of $2.5 million a year. The firm gave no niceties of who may succeed Mr. Iger as CEO.
