Last updated: July 01. 2013 5:36PM - 377 Views
Associated Press

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(AP) The Walt Disney Co.'s board wants Chairman and CEO Robert A. Iger to stick around a bit longer.

The media conglomerate said Monday that the board extended Iger's tenure through June 30, 2016, when his contract is due to expire.

Disney noted that the terms of Iger's contract were not changed.

Prior arrangements had Iger, 62, remaining CEO until April 1, 2015, and then as executive chairman for another 15 months to help in the transition to Disney's next CEO.

The extension suggests Disney's board has yet to make a decision on Iger's successor.

Iger has been CEO since September 2005, leading Disney through a major business expansion including the $4.06 billion acquisition last year of "Star Wars" creator Lucasfilm.

Associated Press
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