Bob Iger is staying with Disney.

The 72-year-old exec will remain in place as Walt Disney Company’s CEO through 2026, confirming he would not step down as CEO at the end of next year as originally planned.

“Time and again, Bob has shown an unparalleled ability to successfully transform Disney to drive future growth and financial returns, earning him a reputation as one of the world’s best CEOs,” said chairman Mark G. Parker in a statement.

“Bob has once again set Disney on the right strategic path for ongoing value creation, and to ensure the successful completion of this transformation while also allowing ample time to position a new CEO for long-term success, the Board determined it is in the best interest of shareholders to extend his tenure, and he has agreed to our request to remain Chief Executive Officer through the end of 2026.”

Bob Iger returned to his role as the CEO of The Walt Disney Company in late 2022 and he will be eligible for a HUGE pay package for the next two years. Get the details on his salary.