Disney CEO Bob Iger confirms plans to step down in 2019

Disney CEO Bob Iger confirms plans to step down in 2019



Bob Iger is giving up his Mickey Mouse ears.


The CEO of Disney confirmed Tuesday that he plans to leave the company in mid-2019.


“This time I mean it,” Iger joked at Vanity Fair’s New Establishment Summit.


The 66-year-old Long Island native took over as CEO in 2005 and was responsible for the acquisition of Pixar in 2006, Marvel in 2009 and Lucasfilm in 2012.

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Bob Iger confirmed Tuesday that he plans to step down as Disney CEO in mid-2019.

(Kimberly White/Getty Images for Vanity Fair)


Iger began his career at ABC and was named ABC Network Television Group president in 1993. He became the president of Walt Disney International in 1999 and took over as president and COO of Disney a year later.


His contract was originally supposed to expire in June 2016, but he was given a three-year extension as a consultant that paid $2 million for each of the first two years and $1 million for the final year.


Upcoming Disney blockbusters include “A Wrinkle in Time,” “Avengers: Infinity War” and “Star Wars: The Last Jedi.”


In March, the Hollywood Reporter said that Iger’s friends had been urging him to run for president in 2020.

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Iger and Disney acquired Lucasfilm for $4 billion in 2012.

(Jonathan Olley)


Last year, the CEO denied any intentions to run for California governor or senator.

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