The Walt Disney Company’s Board of Directors has announced it will name its next Chief Executive Officer in early 2026, strategically timing the reveal just ahead of the D23 Expo scheduled for August of that year in Anaheim. While current CEO Bob Iger’s contract extends until December 31, 2026, the board has confirmed the leadership transition process is actively underway.
The decision of who will helm the media giant will have a significant impact on consumers, influencing everything from theme park ticket prices and Disney+ content strategy to the potential development of long-rumored attractions like a “Villains Land” at Magic Kingdom.
Leading the succession process is James Gorman, the Executive Chairman of Morgan Stanley, who will become Chairman of the Disney Board in January 2025. Gorman, who already heads Disney’s Succession Planning Committee, will replace outgoing chairman Mark G. Parker. This change marks a deliberate effort to ensure a stable and successful transition, avoiding the leadership turbulence that characterized the period between Iger and his predecessor, Bob Chapek.
The field of potential successors has reportedly narrowed to four internal candidates, each bringing distinct expertise from key divisions of the company.
Josh D’Amaro, Chairman of Disney Experiences, is widely seen as a frontrunner. As the public face of the parks, cruises, and consumer products division—currently Disney’s primary profit center—D’Amaro is a popular figure among fans and employees. His leadership would likely signal a continued focus on investment in the theme parks.
Also in consideration are the two Co-Chairs of Disney Entertainment, Dana Walden and Alan Bergman. Walden is a seasoned studio executive with deep expertise in content creation and network strategy. Bergman offers extensive experience in film production and a long tenure with the company, though he maintains a lower public profile.
The fourth candidate is Jimmy Pitaro, Chairman of ESPN. Pitaro is credited with maintaining the sports network’s relevance and profitability, particularly through strategic integrations with live sports and betting.
Among the contenders, D’Amaro has emerged as the clear fan favorite. He has overseen ambitious expansion plans for the parks and is viewed as an executive who understands both the business and the emotional connection fans have with the brand. His appointment would represent a continuation of Iger’s current strategy, potentially securing the future of major projects like the proposed Avatar experience at Disneyland. Conversely, a CEO from the entertainment sector might re-evaluate or delay such capital-intensive park initiatives.
Over the next year, the candidates will undergo a formal evaluation process. While an external candidate could still emerge, sources indicate the final choice will likely come from the current internal list.
After his return in 2022, Iger’s primary mission has been to stabilize the company and secure a strong successor. The board’s methodical approach this time is designed to ensure a seamless handover of leadership. The official announcement is expected by summer 2026, with the new CEO likely to be introduced to the company’s most dedicated fans at the D23 Expo, setting the stage for Disney’s next era.
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