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A New CEO for Disney in 2026
Disney has confirmed that its next CEO will be named at the start of 2026, a timetable that has surprised many industry observers. Following Robert Iger’s return as the head of the company in 2022, Disney has been on a quest to find a successor who can lead the entertainment giant. While some anticipated a quicker announcement, the 2026 date is intended to ensure a smooth transition before Bob Iger’s contract expires in December 2026.
James Gorman at the Helm of the Succession Process
James Gorman, former CEO of Morgan Stanley and current chairman of the succession planning committee, has taken charge of finding the future leader. He will replace Mark G. Parker as the chairman of the board starting in January 2025. Gorman was brought in to leverage his expertise in managing complex transitions, a task he adeptly handled in his previous role at Morgan Stanley. His appointment strengthens Disney’s strategy to ensure an orderly transition. Indeed, a sprawling corporation like Disney needs to take numerous precautions before making such a decision.
Internal and External Candidates in the Running
Four senior executives are vying to succeed Iger: Dana Walden, who oversees Disney’s television operations; Josh D’Amaro, in charge of theme parks and video games; Alan Bergman, head of film studios; and Jimmy Pitaro, president of ESPN. Speculation in Hollywood is certainly in full swing, with each of them having their own supporters. Disney has also confirmed that external candidates are being considered, which could shake up the predictions, making anything possible.
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A Rigorous Process to Avoid Past Mistakes
This succession process aims to be more meticulous than the one that led to the appointment of Bob Chapek in 2020, a decision that was widely criticized both internally and externally. Under Iger’s leadership, the selection of Chapek lacked preparation, leading to tensions within the company and financial repercussions. This time, Disney wants to take its time, with a clear deadline to quell rumors and enable leaders to focus on their current responsibilities, rather than constant speculation.