Disney CEO Robert Iger is going to maintain his position for a longer time as he signed a contract to remain as the CEO until 2015. After March 2015, he is going to serve the company as an executive chairman for another 15 months to help break in a new chief executive, according to Disney.

The definite end to what is going to be a decade-long term proposes the eventual promotion of one of his two contiguous lieutenants, either Jay Rasulo, 55, the chief financial officer, or Tom Staggs, 50, chairman of the parks division. The two old hand executives switched jobs in late 2009, in a move that groomed both to take over one day.