Disney CEO Bob Iger extends contract for an additional 2 years, through 2026

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor.

Shares rose 30 cents, or 0.3%, to $90.45 in early afternoon trading.

Iger rejoined Disney as CEO in November, taking over control of the company from Bob Chapek, whose short tenure had been met with much criticism. Disney park loyalists had openly criticized Chapek on social media, voicing their perception that he had a "business first, customer last" mentality.