Disney Names Robert A. Iger CEO

Posted on March 25, 2005

Robert A. Iger has been elected Chief Executive Officer of the Walt Disney Company effective September 30, 2005. He will succeed Michael D. Eisner, current CEO, who announced his intention to retire in a letter to the Board last year dated September 9, and will step down as CEO on September 30, 2005. The election of Mr. Iger culminates a selection process that started formally when the Disney Board announced it would seek a new CEO on September 21, 2004. Directors selected the executive search firm of Heidrick & Struggles in October 2004 in order to assist with the CEO selection process.

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