Disney CEO Bob Iger says he will step down in 2021

Robert Iger, chief executive officer of the Walt Disney Co., arrives for a morning session at the Allen & Co. Media in addition to Technology Conference in Sun Valley, Idaho, U.S., on Thursday, July 12, 2018. 

David Paul Morris | Bloomberg | Getty Images

Robert Iger, chief executive officer of the Walt Disney Co., arrives for a morning session at the Allen & Co. Media in addition to Technology Conference in Sun Valley, Idaho, U.S., on Thursday, July 12, 2018. 

Disney CEO Bob Iger said which he is actually definitely stepping down through his post at the company in 2021.

“I’m expecting my contract to expire at the end of 2021,” Iger said Thursday during Disney’s investor day presentations. “in addition to I was going to say ‘in addition to which time I mean which,’ although I’ve said which before. I’ve been CEO since October of 2005 in addition to as I’ve said many times, there’s a time for everything in addition to 2021 will be the time for me to finally step down.”

Iger has extended his contract with Disney twice during his tenure. Once in 2018 in addition to then through 2021, although which was contingent on the Fox deal closing. Since which merger has wrapped up, Iger will remain with the company as the head executive for the next two years.

”I’ve been engaged with the board for quite some time in addition to there’s discussion about a succession in addition to they’ve been engaged in a succession process,” Iger said. “in addition to we continue to feel which they will be able to identify my successor on a timely enough basis so which company has smooth transition.”

Iger has been instrumental in many of Disney’s acquisitions, including Pixar in 2006, Marvel in 2009 in addition to Lucasfilm in 2012. He has also pushed for the launch of Disney+, a streaming service filled with original movies in addition to television shows as well as Disney’s slate of classic animated in addition to live-action content.

There were rumors last month which Disney’s internal restructuring was setting up two top executives as potential successors to Iger.

Kevin Mayer, 55, the company’s head of strategy, was named chairman of a fresh direct-to-consumer in addition to international segment. in addition to Robert Chapek, 58, head of parks, added consumer products to his oversight.

Former consumer products head James Pitaro, 48, was named as the head of ESPN, although is actually considered a long shot for the role of CEO.