Disney CEO Bob Iger Reportedly Plans to Leave His Role Before Contract Expires
Synopsis
According to a report from The Wall Street Journal Iger was frustrated by conflicts at Disney’s ABC network over the brief suspension of late night host Jimmy Kimmel.
Disney's (DIS) Chief Executive Bob Iger has reportedly told associates that he plans to step down as CEO and pull back from daily management before the Dec. 31 end of his contract.
The entertainment giant’s board of directors is planning to meet next week at its headquarters in Burbank, Calif., where they are expected to vote on who should take the top job, according to a report from The Wall Street Journal which cited people familiar with the matter.
Iger has told people close to him that he is ready to move on from the grind of being CEO and was frustrated by conflicts at Disney’s ABC network over the brief suspension of late night host Jimmy Kimmel.
Get updates to this developing story directly on Stocktwits.
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.