Walt Disney Co. is expected to name President Robert Iger as the successor to Michael Eisner, the entertainment company's long-tenured chief executive, The New York Times reported in its online edition on March 13, 2005. Citing a person apprised of a Saturday night board meeting, the board voted to give Iger the job after viewing other candidates, the paper's Web site said. Iger is seen speaking at Disney's annual meeting in Minneapolis February 11, 2005. (Reuters photo)

    BEIJING, Mar. 14 -- The Walt Disney Company's board of directors has named company president Robert Iger to succeed chief executive Michael Eisner, who last year announced his decision to retire.

    The entertainment behemoth announced it was picking an internal executive to replace the long-serving Eisner who has reigned as the magic kingdom's CEO since 1984.

    The 54-year-old Iger, who also holds the title of Disney's chief operating officer, was unanimously chosen to lead the company.

    He will officially take on his new role on September 30.

(Source: CRIENGLISH.com)