Disney Appoints James Gorman to Lead CEO Succession Planning
Morgan Stanley's executive chairman will oversee the search for Bob Iger's successor, with internal and external candidates under consideration.
- Bob Iger returned as Disney CEO in 2022 after his chosen successor, Bob Chapek, was ousted.
- Iger's contract has been extended to 2026, with succession planning a top priority for the board.
- James Gorman joined Disney's board earlier this year and has experience in succession planning from Morgan Stanley.
- The succession planning committee, formed in January 2023, has met six times this fiscal year.
- Potential internal candidates include Disney Entertainment co-chairs Dana Walden and Alan Bergman, and ESPN chairman Jimmy Pitaro.