Disney CEO Bob Iger said he doesn’t want to stay on as the company’s chief executive any longer than two years, with his remarks coming as the company announced it would cut $5.5 billion in costs and slash 7,000 jobs.
Iger told CNBC’s “Squawk on the Street” on Thursday that he plans to to stay for the duration of his contract but no longer.
“My plan is to stay here for two years, that’s what my contract says, that was my agreement with the board, and that is my preference,” Iger told the outlet.
Iger, who previously served as Disney CEO and came out of retirement to take on the job once again, said that one of his aims for his remaining time at the helm is to help the Disney board “succeed at succession.”…