Bob Iger, the engineer behind Disney’s (NYSE: DIS) recent ascent, has agreed to a contract extension that will keep him at the CEO position through June 2018. Indicative of the $34.3 million that he earned in the last fiscal year, Iger has brought the Walt Disney Co. to a level of unprecedented financial success. When Iger took over the company in October 2005, the Disney stock price was in the neighborhood of $24 while it is now trading above $88. This has resulted in an increase in shareholder returns by more than 300% since 2005 while Disney’s market capitalization has grown from $48.4 billion to $150 billion.

In order to bring Disney to such stratospheric heights, Iger executed a series of strategic acquisitions in order to expand the company. In 2006, Iger personally negotiated the purchase of Pixar Animation Studios for $7.4 billion from Steve Jobs. Iger also made deals to acquire Marvel Entertainment in 2009 and Lucasfilm in 2012, both for $4 billion. Now Disney is poised to reap the rewards from the upcoming Star Wars movie “Star Wars: Episode VII”, which is set for release in December 2015. Disney also changed recent trends and produced a hit movie of their own in 2013, with the animated movie “Frozen” topping $1.2 billion at the box office worldwide.

Already regarded as one of the top executives in America, Iger now has more time to further grow the Disney brand. Some say his culminating achievement will be the opening of Shanghai Disneyland in 2015, the resort said to be on par with Walt Disney World in Orlando.