Disney Forming Committee to Replace CEO Bob Iger

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Disney Forming Committee to Replace CEO Bob Iger
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— Morgan Stanley Executive Chairman James Gorman will lead Disney’s search for a successor to Bob Iger, two years after the company’s longtime leader came out of retirement following a rocky transition to his hand-picked replacement.

Iger was Disney’s public face for 15 years, compiling a string of victories lauded in the entertainment industry and by Disney fans, before he retired in 2020.On his return, Iger initially agreed to a two year contract in order to redirect Disney’s trajectory and help find a new chief executive. But in July 2023 Iger agreed to a two-year contract extension that will keep him at Disney through the end of 2026.

Gorman, who joined Disney’s board earlier this year, has previous succession planning experience, as he oversaw the process at Morgan Stanley. Gorman currently serves as Morgan Stanley’s executive chairman after several years as its chairman and CEO. Aside from Gorman and Parker, board members Mary Barra and Calvin McDonald will continue to serve on the succession planning committee.

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