Disney’s Iger Adds Chairman TitleTuesday, March 13, 2012
Shareholders of Walt Disney Co. have voted to make Chief Executive Robert Iger the company’s chairman as well.
Burbank-based Disney said shareholders representing at least 73 percent of votes backed all 10 of the company’s board nominees at the annual meeting in Kansas City, Mo. The slate of nominees included Iger as chairman.
Former chairman John Pepper, a former chief executive at Procter & Gamble Co., will retire at Tuesday’s meeting.
Disney said in a filing March 1 that its stock has at least doubled the performance of its peers since October 2005 when Iger became chief executive. His term as chairman will run until at least June 2016.
By late morning, shares of Disney rose 88 cents or 2 percent to trade at $43.21 on the Nasdaq.