Disney Chief Executive Bob Iger has told associates that he plans to step down as CEO and pull back from daily management before the Dec. 31 end of his contract, according to people familiar with the matter.
The entertainment giant’s board of directors is planning to meet this week at its headquarters in Burbank, California, where they are expected to vote on who should take the top job, according to people familiar with the matter.
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, people who have spoken with him said.
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