Iger to Remain as Head of Disney Through 2026

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Robert A. Iger has extended his reign at Disney through 2026, as an heir continues to be difficult to find and questions mount about the viability of the company’s vaunted movie studios and theme parks. The Walt Disney Company said on Wednesday that Mr. Iger, 72, will remain chief executive for two years beyond his previously announced re-retirement date, the company’s board of directors said in a statement. Mr. Iger reluctantly ended his first run at Disney in 2021, handing the company’s top job to Bob Chapek, a former theme park executive. Mr. Chapek was fired in November, and Mr. Iger returned as chief executive. At the time, Disney said Mr. Iger had been asked to return “to set the strategic direction for renewed growth and to work closely with the board in developing a successor to lead the company at the completion of his term.” Mr. Iger repeatedly said that he would retire for good when his contract was up at the end of 2024. “My plan is to stay here for two years,” Mr. Iger told CNBC in November. “That was my agreement with the board, and that is my preference.”