Disney is gearing up to announce the successor for CEO Bob Iger, with the announcement expected in early 2026. The company has appointed James Gorman, Morgan Stanley’s executive chairman, as the new chairman of its board of directors, effective January 2025. Gorman will replace Mark Parker of Nike in this role.
The process to select a new CEO is still ongoing, with Iger expressing gratitude for Gorman’s guidance during this transition period. Iger, who left Disney in 2020 before returning in 2022, has been leading the company through cost-cutting measures and business restructuring. He faced a challenge from activist investor Nelson Peltz in 2024, which he successfully navigated.
The succession announcement in 2026 will mark the end of Iger’s tenure as Disney’s chief executive. Iger has been a prominent figure in the entertainment industry for 15 years, delivering numerous successes for Disney. Following his retirement in 2020, Iger returned to lead the company after Bob Chapek was fired as CEO.
The announcement of Gorman as the new board chairman and the ongoing CEO selection process demonstrate Disney’s commitment to a smooth transition of leadership. The company’s solid financial performance and strategic moves under Iger’s leadership set a strong foundation for the future CEO to build upon.
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