Disney CEO, Bob Iger attends the European film premiere of ‘Star Wars: The Rise of Skywalker’ at Cineworld Leicester Square on December 18, 2019 in London, England.
Victor Szymanowicz | Future Publications | Getty Images
disney CEO Bob Iger appeared on CNBC’s “Squawk on the Street” Thursday after the company announced it would cut 7,000 jobs and cut $5.5 billion in costs. major restructuring,
Iger, who returned to Disney’s helm in November, said Thursday he has no plans to stay in his post for more than two years.
“Well, I plan to stay here for two years, that’s what my contract says, that was my agreement with the board, and that’s my priority,” Iger said.
Iger acknowledged that besides helping the board “succeed in succession”, he has much to do in his short time. The board fired Bob Chapek, Iger’s chosen successor, last year.
At the top of the list is Disney’s streaming strategy and making the business profitable, Iger said Thursday.
Disney shares rose in premarket trading after Wednesday’s announcement company income report,
This is breaking news. Check back for updates.