Walt Disney board extends Iger's contract as Chairman and CEO through June 2018

Bob Iger, chairman and CEO of the Walt Disney Company
Adam Jeffery | CNBC
Bob Iger, chairman and CEO of the Walt Disney Company

Walt Disney has extended the near decade-long reign of Bob Iger, the company said on Thursday, granting its chairman and CEO a contract extension through June 2018.

Iger, who previously served as Disney's president under Michael Eisner, has been with the company since 1999. In a statement, Disney said Iger would not receive a cash grants, but his retention bonus would be performance-based. Next year, Iger plans to name a chief operating officer, sources tell CNBC.

Disney owns ABC News and ESPN.