24/7 Wall St. Insights Walt Disney Co. (NYSE: DIS) has announced a modest restructuring of its board.
Morgan Stanley Chairman James Gorman is set to join Disney as Chairman in 2025 with the company announcing that a new CEO will be names in early 2026. Bloomberg's Felix Gillette speaks on "Bloomberg Technology" with Ed Ludlow and Caroline Hyde.
Despite concerns about Disney's "woke" culture, my deeper analysis of its content pipeline suggests management is on the right track creatively. However, the company faces growing competition from Netflix, Amazon Prime Video, and YouTube, as traditional Hollywood comes under increasing pressure from tech giants. To benefit shareholders, Disney could increase its dividend. A yield of 3.5% or higher would make the stock a portfolio staple.
Shares of The Walt Disney Co. (DIS) declined Monday as the entertainment giant said that the replacement for Chief Executive Officer (CEO) Bob Iger will be named in early 2026.
Walt Disney (DIS) will name Bob Iger's successor as CEO in early 2026. Jay Woods says finding a new leader will be crucial for the company's outlook.
The House of Mouse taps former Morgan Stanley CEO as its new board chair, who will lead search for Iger's replacement
Walt Disney Co (NYSE:DIS, ETR:WDP) plans to announce its next CEO replacing Bob Iger in early 2026, the company said on Monday. It also announced the appointment of James Gorman as chairman of the board, effective January 2, 2025.
Walt Disney on Monday named Morgan Stanley veteran James Gorman as chairman and said it would announce a new CEO to replace Bob Iger in early 2026, setting the stage for succession at the storied media and entertainment company.
The company also said Mark Parker resigned as the chairman and named James Gorman as his replacement, effective Jan. 2.
Walt Disney said Monday that Chairman Mark Parker will leave the company after two years in the role, and will be succeeded by board member and CEO succession planner James Gorman.
James Gorman, the former Morgan Stanley CEO who joined Disney's board earlier this year in a signal to investors about the company's succession process, has been named chairman. He will succeed Mark Parker on January 2, 2025. Parker is leaving the board after serving on it for nine years.
Disney announced shakeups to its top leadership positions Monday, tapping veteran banker James Gorman as the chairman of its board and indicating it expects to name a successor to its 73-year-old famed CEO Bob Iger by 2026.