Mumbai: Walt Disney has extended the contract of CEO Bob Iger for two more years.

In a statement, the company said Iger will remain on the post till 31 December 2026.

He joined Disney for his second stint after CEO Bob Chapek was asked to step down. Iger was given the task of improving Disney's profitability.

Iger's first stint with Disney as CEO was in 2005 and he was in that role for 15 years.