Disney has extended Bob Iger’s contract until the end of 2026, prolonging what was meant to be a short-term stay for the chief executive after he returned to the world’s largest entertainment company last November.

On returning to the company, Iger had been charged with finding a new successor before the end of 2024, but Disney said on Wednesday that its independent directors had voted unanimously to extend his term by two years.

Iger’s first stint as CEO started in 2005 and lasted for 15 years. It was marked by transformative acquisitions and industry-leading growth but also by the exits of several executives who had been identified as possible successors. Bob Chapek, the former theme parks chief ultimately picked to succeed him, lasted only 33 months in a rocky tenure marked by accusations that Iger had undermined him.