MUMBAI: Disney's board of directors
have announced that Robert A Iger has been unanimously
elected as its CEO. He takes up this role from 30 September
Current CEO Michael Eisner had announced his intention
to retire in a letter to the Board last year. Disney's
board of directors chairman Sen George J Mitchell said,
"The decison was taken after a lengthy, thorough
and professional selection process, comparing both internal
and external candidates against our criteria for CEO.
Bob is an experienced, talented and visionary leader
who has made crucial and substantial contributions toward
Disney's strong performance. On behalf of the entire
Board, I want to express how excited we are at the prospect
of Bob leading this extraordinary company and talented
management team to new levels of financial and creative
success in the years ahead."
Iger currently serves as Disney president and COO. He
said, "It is truly an honor to be entrusted with
the responsibility of guiding this great company that
occupies such an important place in the hearts and minds
of millions the world over toward a very bright future.
It is also an honour to work with our incredibly talented
and dedicated worldwide team. I feel all the more privileged
to succeed Michael, whose tremendous 20-year leadership
and enormous accomplishments have built this company
into the world's preeminent leader in family entertainment."
Eisner said, "It is with a considerable amount
of satisfaction and even pride that I approach the end
of my term as CEO of this company. By every financial
and creative measure, Disney is performing at its peak.
I have enjoyed virtually every moment of my tenure and
want to express my appreciation to the phenomenal colleagues
with whom I have been privileged to work. I believe
Disney is now poised for its brightest days in the years
ahead under the able and insightful leadership of Bob,
who has not only the qualities to succeed, but also
has a keen sense of the Disney brand and how to maintain
its leadership position and grow it on a worldwide scale."
The selection of Iger culminates a lengthy and detailed
CEO selection process that started formally when the
Disney Board announced on 21 September 2004 that it
would, "engage in a thorough, careful, and reasoned
process to select as the next CEO the best person for
the company, its shareholders, employees, customers,
and for the many millions of others who care so much
about The Walt Disney Company. The Board is keenly aware
of the special place our company holds in the hearts
of people all over the world and the importance of its
responsibility in choosing a CEO." The Board also
made known that day its intention to complete the process
and announce a successor as soon as possible, with an
expected date of completion of June 2005.