Disney board to announce Bob Iger successor in early 2026: 'A critical priority'

Published On Oct 21, 2024, 9:58 AM

Disney has announced it will appoint a new CEO to succeed Bob Iger in early 2026. The news follows the appointment of James Gorman, former Morgan Stanley CEO, as the new chairman of Disney's board. Gorman emphasized that finding a new CEO is a critical priority as they prepare for Iger’s departure when his contract ends in December 2026. The succession planning committee, which includes several prominent board members, is actively considering internal candidates who could lead Disney, and industry analysts expect signals about a preferred successor by 2025. Disney has faced significant challenges including a decline in its parks business and issues within its film divisions during Iger’s return to leadership.

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Disney is navigating significant challenges with leadership changes while trying to stabilize its business operations across different segments. Investors may feel cautious given the upcoming leadership transition, potential uncertainties related to the new CEO's strategy, and ongoing performance issues in its parks and entertainment divisions. However, if the chosen successor proves to effectively steer the company through these transitions, there could be a longer-term positive outlook.

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