"D'Amaro has been Disney Experiences Chairman, spearheading efforts for the company's theme parks, cruises and resorts. The decision on the next chief executive at Disney comes almost four years after the company's choice to replace Iger went badly, forcing Iger back into the job. Only two years after stepping down as CEO, Iger returned to Disney in 2022 after a period of clashes, missteps and a weakening financial performance under his hand-picked successor, Bob Chapek."
"Chapek had been viewed by many as too gruff and buttoned up, focusing intently on business and not taking enough care with the creative and imaginative elements that have helped Disney flourish over decades. Iger had strengthened the Disney brand through his acquisitions of Pixar, Marvel and Lucasfilm, oversaw the expansion of the company in China and India and had a laser-like focus on technology that both made the Disney product better, and more accessible."
Josh D'Amaro will succeed Bob Iger as Disney CEO after leading Disney Experiences, including theme parks, cruises and resorts. The succession follows a failed earlier transition that led to Iger's return in 2022 after weak performance under Bob Chapek. Chapek was criticized for emphasizing business over creative and imaginative elements. Iger strengthened Disney through acquisitions of Pixar, Marvel and Lucasfilm, expanded in China and India, and prioritized technology while remaining media savvy. Disney created a succession planning committee in 2023, launched a 2024 executive search with James Gorman's help, extended Iger's contract through 2026, and mentored internal candidates including Dana Walden.
Read at www.mercurynews.com
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