TECH - Disney CEO Bob Iger Remains Tight-Lipped On Successor But Assures 'Smooth Transition' | Benzinga
Walt Disney Co (NYSE:DIS) CEO Bob Iger was questioned about his succession plans during the second-quarter earnings call, to which he gave a vague response.
What Happened: On Tuesday, during the earnings call, Kannan Venkateshwar from Barclays, asked Iger about his succession plans saying, “Could you talk about what your goal is in terms of the hand-off? What do you hope to achieve in your tenure before the next CEO takes over.”
In response, Iger did not divulge much information but said that the board is heavily engaged in the process, and he expects a smooth transition.
“The board is heavily engaged in the process and has appointed a succession planning committee that is meeting on a regular basis to not just discuss, but also to manage the process,” Iger said, adding, “I’m confident that they will choose the right person at the right time. And that to the extent that I can, we’ll participate in a smooth transition.”
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