Walt Disney Company CEO Bob Iger has unsurprisingly announced he will remain CEO of the company through 2026, extending his contract by another two years. Since his return in November 2022, in regards to parks, his tenure has been positive. They key changes and announcements since Bob Chapek's outing has been the closure of Star Wars: Galactic Starcruiser (which will made into something else), the return of the dining plan in 2024, scrapping theme park reservations for most tickets starting in 2024, including digital attraction photos in Genie+, the return of the Figment meet & greet this summer, free parking returning to Walt Disney World hotels, Happily Ever After replacing Disney Enchantment, but most recently the demolishing of perks and benefits and price increases with the Disneyland Paris annual passes.
Bob Iger sent the below memo out to cast members last night.
Dear Fellow Employees,
I want to thank you for your tremendous dedication, patience, and optimism as we’ve taken important steps to reposition the company for enduring creative and financial success. Since my return to Disney just seven months ago, I’ve examined virtually every facet of our businesses to fully understand the tremendous opportunities before us, as well as the challenges we face on numerous fronts.
We’ve made important and sometimes difficult decisions to address some existing structural and efficiency issues, and I’m proud of what we’ve been able to achieve together. But there is more to accomplish before this transformative work is complete, and I am committed to seeing this through.
To that end, I’m writing to share that I have agreed to the Disney Board’s request to remain CEO for an additional two years – through the end of 2026.
As I’ve said many times since we began this important transformation of the company, our progress will not be linear as we continue navigating a difficult economic environment and the tectonic shifts occurring in our industry. This is a moment that requires us to remain steadfast, strategic, and clear-eyed about the road ahead.
It is also important to me that Disney is strongly positioned when my successor takes the helm. As the Board continues to evaluate a highly qualified slate of internal and external candidates, I remain intensely focused on a successful CEO transition.
Through it all, I am unwaveringly optimistic about Disney’s future. I believe in this company. I believe in the leadership team I have around me. And I believe in you – our spectacular employees and Cast Members. It’s an honor to work alongside you as we chart Disney’s path forward together, and I look forward to all that we will continue to achieve over the coming years.
Thank you for all you do,
Bob
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