At last Thursday’s Walt Disney World investors’ event, Disney CEO and Chairman Bob Iger announced that he will leave the company when his current contract expires in 2021.
He had previously planned to step down in 2018, but his contract was subsequently extended twice (once in March 2017 and again in December 2017). He even joked in the investors’ meeting that “I’d say ‘This time I mean it’, but I’ve said that before.”
In 2000, Iger was named Disney’s President and Chief Operating Officer. He became CEO in 2005 after Micheal Eisner’s departure. Iger has overseen some of the Walt Disney Company’s largest acquisitions, including the most recent acquisition last month of 21st Century Fox.