Disney CEO Succession: New Chair James Gorman and the Search for Iger’s Replacement
Disney’s CEO succession strategy is in full swing with significant updates in leadership. Mark Parker, the current board chair, will step down at the end of 2024, and James Gorman, CEO of Morgan Stanley, will assume the chair in 2025. This change comes as Disney prepares to replace CEO Bob Iger by early 2026. Gorman, leading the succession planning committee, is tasked with guiding the selection process to ensure Disney’s future growth.
A Strategic Search for Disney’s Next CEO
Under Gorman’s guidance, Disney’s board will explore potential CEO candidates from both within and outside the company. Internal candidates include Disney Entertainment co-chairs Dana Walden and Alan Bergman, ESPN Chairman Jimmy Pitaro, and Disney Experiences Chairman Josh D’Amaro. The search underscores the importance of strong leadership as Disney navigates challenges in streaming, television, and theme parks.
Iger’s Recent Achievements and Challenges Ahead
Bob Iger’s extended tenure has produced key victories: he made Disney+ profitable, negotiated industry labor disputes, and improved company finances. However, Disney continues to face hurdles, including shifts in the media landscape and concerns over assets like ESPN and the parks. With Gorman overseeing the CEO succession, Disney aims to secure leadership that can meet these demands and drive long-term success.
External link: CNN
Internal link: Kenkou Land
