NEW YORK: Disney announced Wednesday that it extended Bob Iger's contract through December 31, 2026, giving the long-running chief executive two more years to lead the entertainment giant.

Disney Chair Mark Parker said Iger — who returned to the corner office in November 2022 — had "once again set Disney on the right strategic path" and that the extra time would "allow ample time to position a new CEO for long-term success."

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