CNBC has reported that Disney CEO Bob Iger will likely extend his contract as CEO of the Walt Disney Company past the previously announced 2019 end date to help ensure a smooth integration with 21st Century Fox. Iger had previously announced that he would end his tenure as CEO with the opening of Star Wars: Galaxy’s Edge at Disney’s Hollywood Studios and Disneyland Park.
Iger would likely remain with the company an additional two to three years after the deal is finalized, which still hasn’t happened. Keep in mind neither company has made any official statement regarding a possible acquisition.
Earlier this week, I reported that Disney and 21st Century Fox are close to striking a deal.
Since becoming CEO at Disney in 2005, Iger has overseen the acquisitions of Pixar, Marvel and Lucasfilm. He previously held several executive positions with the company during the last two decades.