Walt Disney (NYSE:DIS) CEO Bob Iger has reportedly told associates he plans to step down and pull back from daily management before his contract expires on Dec. 31, and the entertainment giant’s board is set to meet next week to vote on a successor.
In private conversations over the last few months, Iger has told people close to him that he is ready to move on from the grind of being CEO and was frustrated by conflicts at Disney’s ABC network over the brief suspension of late-night host Jimmy Kimmel, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Disney did not immediately respond to Benzinga‘s request for comment outside office hours.
Iger is expected to remain CEO for several months after the company announces who will succeed him so that he can mentor the new leader, according to WSJ. He could retain a role on the board and at the company after the CEO transition, the report said.
Successor Talks Heat Up
Investors …