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Disney Chief Bob Iger Plans to Step Down

Robert Iger

Bob Iger, we hardly knew ye. Last Friday, Disney CEO Bob Iger announced that he will step down as chief executive in 2015. Prior to that, Iger will add the title of executive chairman in March 2012, and will remain in that role until June 2016, at which time he will retire from the company at the age of 65. The announcement of his impending departure was a surprise to the business world, but according to the Wall Street Journal‘s analysis, the decision to also make him executive chairman “was a sign the board is eager to lock Mr. Iger in for a significant period of time, while also assuring an orderly transition when he departs.”

The paper reports that the top two candidates to replace him in 2015 are Thomas Staggs, who used to be the company’s chief financial officer and now runs the theme park division, and Jay Rasulo, who used to run the theme park division and currently is the company’s chief financial officer. As for Iger, the WSJ suggests that he has “often privately expressed interest in government and politics,” but that “politics isn’t the only option Mr. Iger is considering.”