Disney Board Prioritizes CEO Succession Planning, Aims to Choose Iger's Successor Before 2026
• Disney CEO Bob Iger says the board is focused on succession planning, calling it the "No. 1 priority" • The succession planning committee met 7 times in 2023 and intends to meet more in 2024 • Iger's contract expires end of 2026; board aims to choose the right successor at the right time • Shareholder vote gives Disney board a win, allowing it to remain intact after activist investor Nelson Peltz attempted to secure board seats • Iger says shareholder engagement gave board and management opportunity to hear priorities are consistent with their own