Disney CEO Bob Iger called succession top priority as he moves to turn the company around and, with the board, name a new chief executive before the end of his two-year contract
called succession top priority as he moves to turn the company around and, with the board, name a new chief executive before the end of his two-year contract.after a rocky reign and the former longtime chief executive returned for an encore.
“Succession is pretty much at the top of the list,” Iger told a Morgan Stanley investor conference.. But, “It’s between me and the board” of directors.Disney Chief Bob Iger Says It Is "Very Tricky" To Assess Hulu's Long-Term Value As Decision Point With Comcast Approaches New board chairman Mark Parker heads the succession committee, which Iger noted met yesterday. “We all know that not only is it an important decision but that we don’t have endless amount of time to make it, and we are mindful of that,” he said. “Conversations have been great. I am confident that we will identify the right successor at the right time.”
Discussing his return to Disney, he said, “It was clear that the company needed to be stabilized. It was clear that reorganization was necessary, and it was also clear that we had to come to grips with our cost structure for a variety of reasons – whether they were competitive, disruptive, or global economic.”
“And we have done all of that already. We have stabilized, we have reorganized, we have truly aggressive cost-cutting efforts. Now it’s about getting our content pipeline right, making sure that we are making the right decisions, and the right number of decisions in terms of how much we’re making. And really being mindful [it’s] a world that is not getting less competitive, and that tech is only going to disrupt more.
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