Disney Extends Robert Iger's Contract As Chairman And CEO Through June 2018

(RTTNews) - Walt Disney Co. (DIS) Board of Directors announced today that it has extended Robert Iger's contract as Chairman and Chief Executive Officer through June 30, 2018.

The extension of Iger's contract through June 30, 2018 maintains the same annual compensation terms as his existing contract. In addition, he will have the opportunity to earn a performance-based retention bonus if certain financial performance goals are met over a five-year period ending with fiscal year 2018.

Orin Smith, Independent Lead Director of the Disney Board, said, "Given Mr. Iger's outstanding record to date, it is obvious that shareholders and the company will be best served by his continued leadership, which is why the Board of Directors has asked him to extend his contract for two years, to June 30, 2018. I am pleased to report that Mr. Iger has accepted."