Disney extends CEO contract with Iger to 2016

Robert Iger will remain chief executive of the Walt Disney Co. through June of 2016, which is 15 months longer than expected, the entertainment juggernaut said Monday afternoon.

Iger, who also serves as Disney's chairman, had been slated to step down from the chief executive role after March 31, 2015. Now he will vacate both posts on the same day in 2016.

By extending Iger's chief executive deal, the Burbank studio also gives itself more time to choose a successor for him. Among those bandied about as potential replacements for Iger are Disney Chief Financial Officer James Rasulo and Walt Disney Parks and Resorts Chairman Thomas Staggs.

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-- Daniel Miller, Los Angeles Times

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