Walt Disney said on Monday it would announce a replacement for CEO Bob Iger in early 2026, marking the first time the storied media and entertainment company has formally announced a timetable for succession.
The investor community said the news signaled progress for a company that has struggled to find a successor to Iger, the affable, camera-ready executive who shaped the modern Disney through a series of acquisitions.
Disney said Morgan Stanley veteran James Gorman would become chairman of the board on Jan. 2, after stepping down from his post as executive chair of Morgan Stanley at the end of the year. He served as CEO of the Wall Street bank for 14 years and is credited with growing its wealth management business.
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