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Disney CEO Bob Iger will be inducted into the Toy Industry Hall of Fame, the Toy Industry Assn. announced Wednesday. The group recognized the Disney chief executive for “significant contributions to the industry and the impact his work has had on the lives of children worldwide.”

The honor makes Iger one of 70 recognized by the trade association, including “Muppets” creator Jim Henson and “Star Wars” godfather George Lucas. The Hall was created in 1984 and Iger will become the newest member on Feb. 12, when the association holds its annual Toy of the Year awards celebration at the American Museum of Natural History in New York City.

The organization cited Iger for running the world’s largest media company and creating “adored brands around the globe.” Disney already had many winning franchises, but expanded them markedly with the acquisitions of Pixar (2006), Marvel (2009) and Lucasfilm (2012), the association noted. The group said that Iger has also assured Disney’s toys were available across multiple platforms.

“Just about every child around the globe has been touched by the magic of Disney,” said Toy Industry Assn. CEO Steve Pasierb. “Mr. Iger has done an impressive job of building on Disney’s rich history and growing their storytelling portfolio, creating new experiences and unforgettable memories for generations of kids to come.”