Robert Iger has signed a new five year contract as chief executive officer at The Walt Disney Company. His previous contract would have expired on Sept 30, 2010, but the new contract takes him through to Jan 31, 2013.
Iger became CEO at Disney on Sept 30, 2005, taking over from longtime chief Michael Eisner.
In the two fiscal years since he assumed the role, the company has posted record revenues, net income and earnings per share. In the fiscal year 2007, the company's revenue rose by 5% to $35.3bn and net income per share for the year was up 24% to $1.92.
Among his achievements were the acquisition of Pixar Animation Studios and a deal with Apple to make its content available on ITunes.
'Bob is a talented and visionary leader, under whom Disney has posted increases in growth and profitability that have consistently exceeded expectations,' said John E. Pepper Jr., chairman of The Walt Disney Company Board of Directors.
'We are confident he will continue to lead this extraordinary company and talented management team to new levels of creative and business success.'
Senior executive vice president and chief financial officer Thomas O. Staggs was also signed to a new contract to April 1, 2013.