Disney’s still looking for a new CEO — but not this year, or next year

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Disney volition denote a replacement for CEO Bob Iger successful “early 2026,” according to an update from the company connected Monday.

The amusement elephantine has been connected the hunt for a caller person since Iger’s instrumentality to Disney successful 2022. Last twelvemonth Iger extended his contract with Disney until December 31st, 2026, and, arsenic The New York Times notes, delayed status 4 times during his erstwhile tally arsenic the company’s CEO earlier yet handing power implicit to Bob Chapek successful 2020.

Even though we’re inactive years distant from proceeding who volition regenerate Iger, CNBC reports that Disney has interviewed respective imaginable candidates successful “recent weeks,” including ESPN president Jimmy Pitaro, Disney experiences president Josh D’Amaro, and Disney amusement co-chairmen Dana Walden and Alan Bergman.

Disney besides announced that James Gorman, the existent enforcement president of Morgan Stanley, volition service arsenic Disney’s president starting December 31st, 2024. Gorman besides became the head of the board’s succession readying committee successful August.

“A captious precedence earlier america is to name a caller CEO, which we present expect to denote successful aboriginal 2026,” Gorman said successful the property release. “This timing reflects the advancement the Succession Planning Committee and the Board are making, and volition let ample clip for a palmy modulation earlier the decision of Bob Iger’s declaration successful December 2026.”

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