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Disney signs CEO Robert Iger to new five year contract

robert-iger.jpgVariety reports that Robert A. Iger, President and Chief Executive Officer of the Walt Disney Co. has signed a new five year contract with the company. Iger will continue as the president and CEO of the Walt Disney Co. through 2013, extending an initial contract which would have expired September 30, 2010. Move is attributed to the record earnings Disney has reported since Iger initially took the post as CEO in 2005. He also oversaw the acquisition of Pixar Animation Studios in 2006, as part of a move to boost Disney’s brand in the family arena.

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