Disney CEO to Step Down

    Robert Iger, president and CEO of the Walt Disney Company, speaks at a news conference on the opening day of the D23 Expo, in Anaheim, Calif.,Thursday, Sept. 10, 2009.  Sponsors describe the Expo as "the ultimate Disney fan event," with exhibits, panel discussions, and movie screenings from all areas of the Disney empire, including theme parks, television, movies, and merchandising.  (AP Photo/Reed Saxon)

    Reed Saxon / AP Photo

    Walt Disney Co. announced that Robert Iger will step down as the company's CEO in 2015, after 10 years in the post. Iger, 60, has given Disney plenty of notice of his planned retirement. He will hold the position of executive chairman until 2016 after stepping down as chief executive. Meanwhile, he will be named chairman of the board in 2012. The company said that it has not selected his successor, but Iger reportedly has been searching within the company for an heir.

    Read it at Wall Street Journal