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Bob Iger to step down from Disney in 2019: 'This time I mean it'
POSTED 04 Oct 2017 . BY Tom Anstey
Disney chief executive Bob Iger has announced his intention to leave the company in 2019, saying “this time I mean it”, after extending his contract as chief executive earlier this year.

Iger, who was set to leave Disney in June 2018, was initially thought to be being replaced by COO Tom Staggs, but the 25-year Disney veteran’s departure in April 2016 changed that, leaving Iger with no clear successor.

As a result, Iger extended his tenure as Disney’s president and CEO until 2 July 2019, saying at the time that he would be working with the company’s board to “to identify a successor as CEO and ensure a successful transition.”

Speaking at the Vanity Fair New Establishment Summit, Iger told attendees “I am leaving Disney in mid-2019. This time I mean it."

Iger has led Disney since 2005 when he was named president and chief operating officer and later that year being named CEO. In that time he has led massive growth across all of the company’s divisions.

Following the launch of Shanghai Disney in 2016, the company’s parks division has continued to thrive, with most recent earnings showing a 12 per cent revenue increase to nearly US$5bn (€4.17bn, £3.76bn) in the third quarter of 2017.

Commenting on his next steps after leaving Disney, Iger said that he was yet to make a decision on the matter.

"I'll figure it out when I have to figure it out, but it's premature right now,” he said.
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NEWS
Bob Iger to step down from Disney in 2019: 'This time I mean it'
POSTED 04 Oct 2017 . BY Tom Anstey
Disney chief executive Bob Iger has announced his intention to leave the company in 2019, saying “this time I mean it”, after extending his contract as chief executive earlier this year.

Iger, who was set to leave Disney in June 2018, was initially thought to be being replaced by COO Tom Staggs, but the 25-year Disney veteran’s departure in April 2016 changed that, leaving Iger with no clear successor.

As a result, Iger extended his tenure as Disney’s president and CEO until 2 July 2019, saying at the time that he would be working with the company’s board to “to identify a successor as CEO and ensure a successful transition.”

Speaking at the Vanity Fair New Establishment Summit, Iger told attendees “I am leaving Disney in mid-2019. This time I mean it."

Iger has led Disney since 2005 when he was named president and chief operating officer and later that year being named CEO. In that time he has led massive growth across all of the company’s divisions.

Following the launch of Shanghai Disney in 2016, the company’s parks division has continued to thrive, with most recent earnings showing a 12 per cent revenue increase to nearly US$5bn (€4.17bn, £3.76bn) in the third quarter of 2017.

Commenting on his next steps after leaving Disney, Iger said that he was yet to make a decision on the matter.

"I'll figure it out when I have to figure it out, but it's premature right now,” he said.
RELATED STORIES
'Plenty of opportunity for expansion in China' says Iger as Shanghai booms


Disney chair Bob Iger has said that there is “plenty of opportunity for expansion” in China, as its parks division, buoyed by the operator’s overseas ventures, enjoyed a strong third quarter of the fiscal year.
Disney's Iger reveals Shanghai about to break even, hints potential for second China park


Disney's Shanghai park is about to achieve something none of its resorts have managed in the last three decades – breaking even in its first full year of operation.
IPs and investment key to growing parks business, says Iger


Disney chair Bob Iger has said that the company must continue to incorporate its most popular IPs into its parks in order to help grow its business.
Bob Iger extends Disney contract to 2019


After much speculation surrounding his future with the company, Bob Iger will extend his tenure as Disney chief executive until July 2019.
MORE NEWS
Government focuses on regional growth, with launch of £20m culture fund
Britain's minister for arts, Michael Ellis, has launched a £20m fund for culture, heritage and the creative industries to benefit towns and cities across England.
MuseumNext Europe 2018: Don't deflect responsibility on the issue of diversity
Diversity was among the topics up for discussion at this year's MuseumNext conference in London, with Shaz Hussain, assistant curator at the London Science Museum, telling delegates not "deflect responsibility" on the issue.
National Geographic uses augmented reality to create world's first open-air planetarium in Canada
National Geographic has teamed up with augmented reality provider Aryzon to create the world's first open air planetarium, using AR to project images into the night sky for a unique stargazing experience.
Comcast bid rejected as Fox agrees new merger deal with Disney
The Disney/Fox merger is back on, after Fox accepted a larger Disney offer days after Comcast attempted to hijack the deal.
+ More news   
LATEST JOBS
Groups Sales and Marketing Executive
Royal Horticultural Society
Salary: Circa £25k depending on experience
Job location: Wisley, Woking, UK
Head of Commercial Operations
The Silverstone Experience
Salary: £50,000- 55,000 pro-rata per annum + benefits
Job location: Northamptonshire, UK
Chief Operating Officer
Brooklands Museum Trust Ltd
Salary: £60,000
Job location: Weybridge, Surrey, UK
Commercial Leisure Manager - Coastal Attractions
Denbighshire County Council
Salary: £41,846 — £44,697 (plus up to £8,000 relocation allowance)
Job location: Rhyl, UK
Theming Production Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Staffordshire, UK
Fastrack and VIP Team Leader
Thorpe Park Resort
Salary: Competitive
Job location: Chertsey, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
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