Walt Disney Co. (NYSE:DIS) disclosed in a regulatory filing late Wednesday that CEO Bob Iger has been given an extension to his tenure until Dec. 31, 2026. The news has not exactly enthused some analysts on Wall Street.
Iger’s contract extension that gives him two additional years is neutral to the stock, said KeyBanc Capital Markets analyst Brandon Nispel. He said the move suggests the company hasn’t zeroed in on a clear permanent successor for the CEO position and found someone eligible for the CFO post.
