Disney CEO Iger renewed through March 2015

October 7, 2011 - 2:35 PM

LOS ANGELES (AP) — Disney CEO Robert Iger will remain in his job through March 2015 and then serve as executive chairman for another 15 months to help break in a new chief executive.

The Walt Disney Co. made the announcement Friday.

Iger, who is 60, took the reins of the company in September 2005 and has orchestrated some of the company's biggest acquisitions. That includes the $7.4 billion purchase of animated movie studio Pixar in 2006 and the $4.2 billion acquisition of comic book giant Marvel in 2009.

Iger will also become chairman of Disney after John Pepper retires at the 2012 shareholder meeting.

In 2010, Iger was awarded an annual pay package valued at $28 million, up 30 percent from a year ago.