Disney Plans CEO Succession by 2026

Disney has announced that it will name its next CEO in early 2026, a decision that has generated considerable discussion among employees and industry watchers. The appointment of James Gorman, former CEO of Morgan Stanley, as the new board chairman is seen as a strategic move to ensure a smooth leadership transition and to rectify past governance issues. Bob Iger, currently the interim CEO, has extended his contract through the end of 2026 and is expected to assist the new CEO to help them acclimate to Disney's complexities. The succession planning process has faced scrutiny, particularly following Iger's tumultuous return to leadership after ousting his predecessor, Bob Chapek. Gorman is already leading the succession committee and is focused on identifying a strong candidate from within Disney’s senior leadership ranks. The timeline for this transition reflects both the challenges and the high stakes involved in finding a suitable successor to Iger, as investor confidence hangs in the balance.