Disney CEO Bob Iger Says He Doesn’t Plan to Extend Contract

May 10, 2016  •  Post A Comment

A comment Tuesday by Disney CEO Bob Iger during the company’s quarterly call with analysts is attracting attention. Deadline.com reports that Iger said he does not “currently” intend to extend his deal with the company beyond the expiration of his current contract, which runs out in June 2018.

The comment was made in response to a question about the exit of Tom Staggs, who was previously seen as the heir apparent.

“Iger called Staggs ‘a valued colleague and a friend’ but says he has ‘nothing to add’ about his decision to leave,” Deadline reports. “The CEO added that the board is ‘actively engaged in the succession process and has been for some time’ and has ‘ample time’ to find someone to follow Iger.”

The article notes the use of the word “currently” in Iger’s comments, calling it “a term that anyone who follows politics recognizes as a huge opening for things to change.”

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