Disney CEO Bob Iger called succession top priority as he moves to turn the company around and, with the board, name a new chief executive before the end of his two-year contract.
His previous pick, Bob Chapek, was pushed out abruptly last November after a rocky reign and the former longtime chief executive returned for an encore. “Succession is pretty much at the top of the list,” Iger told a Morgan Stanley investor conference..
But, “It’s between me and the board” of directors. New board chairman Mark Parker heads the succession committee, which Iger noted met yesterday. “We all know that not only is it an important decision but that we don’t have endless amount of time to make it, and we are mindful of that,” he said. “Conversations have been great.
I am confident that we will identify the right successor at the right time.” Discussing his return to Disney, he said, “It was clear that the company needed to be stabilized.
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