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Bob Iger, After Winning Fierce Proxy Fight, Says Disney Board’s No. 1 Priority Is CEO Succession: ‘They’re Treating It With a Sense of Urgency’
Bob Iger said the Disney board is proceeding with "urgency" in trying to identify the next CEO and called the proxy fight a "distraction."
A day after Disney declared victory over activist investor Nelson Peltz, CEO Bob Iger said the board is proceeding with “urgency” in trying to identify the next chief executive with the “distraction” of the proxy fight over. Iger, interviewed by CNBC anchor David Faber, claimed that Peltz’s activist investor insurgency did not spur him or the Disney board to act more quickly on any strategic plans. The pricey proxy fight waged by Peltz, even though he lost his bid to get on Disney’s board, succeeded in shining a spotlight on investor concerns at the Mouse House — including with its CEO succession planning process to replace Iger when his contract expires at the end of 2026.
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