Disney extends Bob Iger’s deal until 2018

Disney CEO Bob Iger has signed a new deal, which will keep him at the Hollywood Studio until June 30, 2018.

Iger is currently chairman and CEO of Disney. He became company president in 2000 and chief executive in 2005 after the exit of Michael Eisner. Currently, currently chairman and CEO, has overseen the acquisitions of Pixar, Marvel and Lucasfilm.

The Disney chief had previously said he would retire in 2016.

Disney said that Iger had renewed his deal on the same terms.

“Bob Iger is the architect of Disney’s current success, with a proven history of delivering record financial results for the company quarter after quarter and year after year,” said Orin C. Smith, independent lead director of the Disney Board.

He added: “He has transformed Disney’s culture and empowered its businesses to effectively capitalize on evolving markets and new technologies, making Disney a company that doesn’t merely embrace change, but leads it.”