Longtime Cannes Film Festival president Gilles Jacob and director Thierry Fremaux are staying put after the festival’s board voted to extend their deals by two more years to 2014. Jacob, 81, has spend three decades with the film world’s most vital festival, and has been president since 2001. His previous contract was set to expire after next year’s edition, which is set for May 16-27, and reports had suggested other high-profile figures were considered for the post, including French Culture Minister Frederic Mitterrand. Fremaux’s extension, meanwhile, includes greater oversight of the event’s budget, staffing and development.