Disney signs Iger to new five year deal


The Walt Disney Company Board has signed President and CEO Robert Iger to a new five year contract. His previous contract would have expired on 9/30/10. The new contract will end on 1/31/13.

“Bob is a talented and visionary leader, under whom Disney has posted increases in growth and profitability that have consistently exceeded expectations,” said John Pepper Jr., Disney Chairman. “We are confident he will continue to lead this extraordinary company and talented management team to new levels of creative and business success.”

Indeed, in the two fiscal years since he assumed his role, the company has posted record revenues, net income and earnings per share. In fiscal 2007, the company’s revenue rose 5% to 35.3 billion. Net income per share for the year excluding certain items was up 24% to 1.92. Iger became Disney’s CEO on 9/30/05.