Disney Delays CEO Replacement Announcement Until 2026

Disney to Announce New CEO in Early 2026

In a recent update, Disney has confirmed that it will announce a replacement for CEO Bob Iger in early 2026. This news follows the company's ongoing search for a new leader since Iger's return to the helm of Disney in 2022.

Background on Bob Iger's Tenure

Bob Iger initially stepped down as CEO in 2020, handing control to Bob Chapek. However, Iger returned to Disney in late 2022, extending his contract until December 31, 2026. Over the years, Iger has delayed his retirement multiple times, leading to speculation about his future and the leadership of the company.

Potential Candidates for the CEO Role

While the announcement of Iger's successor is still a few years away, sources from CNBC reveal that Disney has recently interviewed several candidates for the position. Among those are:

• Jimmy Pitaro: Chairman of ESPN
• Josh D’Amaro: Chairman of Disney experiences
• Dana Walden: Co-chairman of Disney Entertainment
• Alan Bergman: Co-chairman of Disney Entertainment

Leadership Changes within Disney

In conjunction with the CEO search, Disney also announced that James Gorman, the current executive chairman of Morgan Stanley, will take on the role of Disney’s chairman starting December 31, 2024. Gorman, who has been part of the board’s succession planning committee since August, emphasized the urgency of appointing a new CEO.

Quote from James Gorman

In a press release, Gorman stated, "A critical priority before us is to appoint a new CEO, which we now expect to announce in early 2026. This timing reflects the progress the Succession Planning Committee and the Board are making, and will allow ample time for a successful transition before the conclusion of Bob Iger’s contract in December 2026."

Looking Ahead

As we approach 2026, industry watchers and Disney fans alike will be intrigued to see who will take the reins from Iger. The decision will undoubtedly shape Disney's future direction, especially in a time of rapid change within the entertainment landscape.

Conclusion

Disney's upcoming leadership transition is watchworthy, with implications not only for the company but also for the broader entertainment sector. As the chosen successor will lead Disney into its next chapter, industry stakeholders are keen to observe how this change will unfold in the coming years.