WASHINGTON: The Walt Disney Co's board of directors named company president Robert Iger to succeed chief executive Michael Eisner, who announced his decision to retire last year.
The entertainment behemoth announced it was picking an internal executive to replace the long-serving Eisner who has reigned as Disney's chief executive since 1984.
Iger, 54, who also holds the title of Disney's chief operating officer (COO), was unanimously chosen to lead the company and will officially take on his new role on Sept 30.
“It is truly an honour to be entrusted with the responsibility of guiding this great company that occupies such an important place in the hearts and minds of millions the world over toward a very bright future,” Iger said in a statement released by Disney.
In unveiling Iger's appointment, Disney chairman George Mitchell said the new chief executive had been selected after a vigorous process that evaluated both internal and external candidates.
“Bob is an experienced, talented and visionary leader who has made crucial and substantial contributions toward Disney's strong performance,” Mitchell said.
The Wall Street Journal reported on Sunday that the only external candidate remaining – Internet auction site eBay's chief executive officer Meg Whitman – withdrew her candidacy, in part because Disney was taking longer than promised to find a new chief executive. – AFX-Asia