Disney CEO Bob Iger Announces Plans To Step Down From His Position

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While Star Wars and Marvel fans have been pretty busy with all the different announcements that's come out during Disney's Investor Day and the 2019 Star Wars Celebration, Disney CEO Bob Iger announced major news saying that he plans to step down from his position at the end of his current contract which expires next, next year in 2021.

This is major news for many franchises. Iger has been the CEO of the Walt Disney Company ever since 2005, and while this isn't the first time that the bigwig has appeared ready to step down from his position (his contract was supposed to end in 2018 however Iger decided to extend his contract until 2021), it seems like the decision is final this time around.

"I'm expecting my contract to expire at the end of 2021. And I was going to say ‘and this time I mean it,' but I've said it before. I've been CEO since October of 2005 and as I've said many times, there's a time for everything and 2021 will be the time for me to finally step down," Iger announced while speaking with investors during Disney's Investors day (via CBR).

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This is definitely going to concern fans. A change in leadership at Disney could spark a few changes in projects at the Mickey Mouse House, Lucasfilm, Marvel Studios, Pixar and Fox. However, Iger assures everyone that Disney has long since been working on a succession plan for him.

"I've been engaged with the board for quite some time and there's discussion about a succession and they've been engaged in a succession process. And we continue to feel that they will be able to identify my successor on a timely enough basis so this company has smooth transition," Iger explained.

Hopefully Disney will find a suitable candidate who'll be able to handle the company's massive umbrella soon enough.

Marvel's Avengers: Endgame which is set to release on April 26, 2019. Meanwhile, Star Wars: The Rise Of Skywalker is scheduled to premiere on December 20, 2019.

Read: Disney+ To Feature The Entire Star Wars Franchise Including Rise of Skywalker