Walt Disney Company has officially set a timeline for the announcement of Bob Iger’s successor as CEO, signaling a critical milestone in its leadership transition. On Monday, Disney announced that the company would name Iger’s replacement in early 2026, marking the first time the entertainment giant has set a formal timetable for this crucial decision.
The move is seen as a long-awaited step toward addressing Disney’s succession challenges, which have plagued the company for several years. Iger, known for transforming Disney through key acquisitions, including Pixar, Marvel, and Lucasfilm, has had his retirement date extended multiple times. Initially returning from retirement in 2022 after his chosen successor, Bob Chapek, was ousted, Iger had planned to stay for two years but later extended his tenure until 2026.
While the announcement comes as a relief to many investors, the search for a suitable successor to Bob Iger remains a critical challenge. Disney has yet to make a final decision, with several internal and external candidates in the running for the role. The succession plan will be closely monitored as Disney aims to ensure a smooth leadership transition before Iger’s expected departure.
James Gorman to Lead Disney’s Board as Chair
In addition to revealing the CEO succession timeline, Disney also announced the appointment of James Gorman, a veteran executive from Morgan Stanley, as its new chairman of the board. Gorman, who will take over the role on January 2, 2024, brings a wealth of experience, having served as CEO of Morgan Stanley for 14 years, where he led the firm through significant growth, particularly in its wealth management division.
Gorman’s leadership in executing Morgan Stanley’s own succession plan, which saw Ted Pick assume the CEO role while other contenders remained at the firm, has earned him praise from peers. His focus on transparency and rigor in leadership transitions is expected to play a key role as Disney embarks on its search fo rBob Iger’s replacement.
The appointment of Gorman comes as Mark Parker, the current chair of Disney and executive chairman of Nike, steps down after nine years on Disney’s board. Parker expressed confidence in Gorman’s leadership, noting that his experience would be instrumental in guiding Disney through its CEO succession process, a top priority for the board.
Candidates for Disney’s CEO Role Emerge
As Disney gears up for the 2026 leadership transition, several internal candidates are emerging as potential successors to Bob Iger. Among the contenders is Dana Walden, Disney Entertainment Co-Chair, who is seen as a creative executive with a track record of success in television. Walden’s deep relationships with talent and her creative vision align closely with Bob Iger’s leadership style, making her a strong candidate.
Other potential successors include Josh D’Amaro, the charismatic chairman of Disney Experiences, who oversees the company’s lucrative theme park operations, and Jimmy Pitaro, the chairman of ESPN, known for spearheading the sports network’s digital transformation. Alan Bergman, a Disney veteran who oversees the company’s film studios, is also seen as a strong contender, having led successful box office hits this year.
Disney’s board, led by Gorman, will continue to evaluate both internal and external candidates as the company prepares for its leadership transition. As the process unfolds, investors and analysts will keep a close watch on the company’s efforts to ensure a smooth and successful handover in 2026.