Disney’s Iger to Cede CEO Role in 2015

Walt Disney Co. (DIS) said Chief Executive Officer Robert Iger will take on the added role of chairman next year at the theme-park and entertainment company, part of a plan to appoint a new CEO in 2015.

Iger, 60, will succeed John E. Pepper at the annual meeting in March, Burbank, California-based Disney said today in a statement. Pepper, 73, a former chairman and CEO of Procter & Gamble Co., has led the board since 2007.

Disney didn’t name a successor for Iger, who oversaw the acquisitions of Pixar and Marvel in the past five years and will become executive chairman in 2015. The company will combine the top roles for the first time since 2004, when CEO Michael Eisner was stripped of the chairmanship after a failed proxy fight waged by Roy Disney, Walt’s nephew. The company wanted to keep Iger and have a smooth transition, Pepper said.   Read Full

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