Big news from the magic kingdom! Walt Disney Co. has appointed James P. Gorman, a Morgan Stanley executive, as the chair of its succession planning committee. Gorman, who joined Disney’s board just earlier this year, is no stranger to the process. His experience as the chair at Morgan Stanley made him the ideal candidate for this critical role at Disney.
Board chairman Mark Parker expressed enthusiasm in a statement, highlighting that succession planning is a paramount priority. This move ensures that Disney remains committed to identifying and grooming the next leader who will guide the company into its next era of enchantment and innovation.
The committee also includes some esteemed names like General Motors CEO Mary Barra and Lululemon CEO Calvin McDonald. Current CEO Bob Iger, who heroically returned in 2022, is mentoring internal candidates. The hopefuls include Disney Entertainment Co-Chairs Dana Walden and Alan Bergman, Parks Chair Josh D’Amaro, and ESPN’s James Pitaro.
This development follows the turbulent exit of Iger’s hand-picked successor, Bob Chapek, and comes after a heated proxy campaign by activist investor Nelson Peltz. Shareholders have made it clear that Disney must ace this selection to maintain their trust and steer the company through its ambitious future.
What do you think about Disney’s strategy for finding its next CEO? Share your thoughts in the comments and engage with fellow Disney fans!
Source: Samantha Masunaga
