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Home>Disney CEO Bob Iger says he's stepping down in 2019, and this time he means it

Disney CEO Bob Iger says he's stepping down in 2019, and this time he means it

Disney CEO Bob Iger says he's stepping down in 2019, and this time he means it

10/04/2017

By Trey Williams, MarketWatch

Iger said of the mass shooting in Las Vegas: 'We should be demanding a dialogue about this from our politicians'

Walt Disney Co. Chief Executive Bob Iger is finally planning his exit from the company.

Speaking at Vanity Fair's New Establishment Summit on Tuesday, Iger said that he plans to actually step down as CEO of Disney in mid 2019.

"This time I mean it," Iger said during the summit. "It's time."

There has been speculation that the Disney (DIS) chief might consider a political career following his departure, but when asked about it he said, "let's not go there," according to Variety.

Earlier this year Disney's board of directors extended Iger's contract (http://www.marketwatch.com/story/disney-still-cant-find-a-replacement-for-ceo-bob-iger-2017-03-23) through July 2, 2019. That move came after the man widely expected to succeed him, former Chief Operating Officer Tom Skaggs, left the company after it became clear he would not get the job.

Also read:Disney CEO Bob Iger on why ESPN's Jemele Hill wasn't punished for Trump tweets (http://www.marketwatch.com/story/disney-ceo-bob-iger-on-why-espns-jemele-hill-wasnt-punished-for-trump-tweets-2017-10-04)

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