that Disney is extending Bob Iger's contract through June 16th 2016. This move extends his current contract by 15 months. Originally Iger had planned to step down in March of 2015, but with a theme park in Shanghai set to open, and Star Wars
Episode VII looming, Disney made their move.
Here's an excerpt from Variety:
“Disney has hit new heights during Mr. Iger’s tenure, with total shareholder return of 193% that dramatically exceeds the S&P 500′s 54%, and a market capitalization that has risen to $113.7 billion from $48.4 billion when he became CEO in 2005,” Smith said. “Mr. Iger’s ability to consistently deliver against a strategy of producing high-quality branded content, technological innovation and international expansion has repeatedly resulted in record revenue, net income, and earnings per share for the company.”
You can read the full article here