Disney Names James Gorman Chairman, Sets ‘Early 2026’ for C.E.O. Change

Published On Oct 21, 2024, 8:30 AM

Disney plans to appoint a new CEO by early 2026, following a recent board shake-up where James Gorman, who has been put in charge of this succession planning, will become chairman in January 2025. The current CEO, Bob Iger, is expected to leave upon the expiration of his contract at the end of 2026. This timeline is seen as a way to ensure a smooth transition after the company faced difficulties during previous leadership changes, particularly with the dismissal of Bob Chapek. Iger's earlier retirement announcements have been met with skepticism due to his past reluctance to depart.

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The news of a planned succession in Disney's leadership may create uncertainty among investors. However, if the transition is smooth and Gorman effectively leads the search for a strong CEO, there could be subsequent positive sentiment towards Disney. Potential stabilization and a new vision could attract investment, especially in light of the recent turbulence during the previous leadership transition.

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