Disney names Gorman chairman, Iger’s replacement by 2026
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The news: Walt Disney appointed James Gorman, the former CEO of Morgan Stanley, as its new chairman, replacing Mark Parker, effective January 2025.
The context: Gorman is stepping down from his executive chairman role at Morgan Stanley on 31 December, capping a nearly two-decade stint at the firm.
He has led Disney’s succession planning since August and will oversee the search for a new CEO to replace Bob Iger, with a decision expected in early 2026.
It is the first time Disney has set a clear timeline for succession. Iger, who returned to the CEO role in 2022, extended his contract through December 2026.
Disney is evaluating both internal and external candidates, with divisional leaders Dana Walden (TV), Josh D'Amaro (theme parks), Jimmy Pitaro (ESPN) and Alan Bergman (film division) seen as the internal contenders, according to Reuters.
What they said: “A critical priority before us is to appoint a new CEO, which we now expect to announce in early 2026. This timing … will allow ample time for a successful transition before the conclusion of Bob Iger’s contract in December 2026,” Gorman said in a statement.
“I am honored and humbled to have the opportunity to serve as Disney’s Chairman at this important moment in the company’s history.”
The sources: Disney statement, Reuters, Bloomberg
