"two-time CEO Iger will step down from the board's powerful executive committee after the annual shareholder meeting next month on March 18, and he'll depart completely at the end of the year. After the chief-executive baton is passed to D'Amaro next month, Iger's employment will transition into an advisory role. In the interim, the four-decade veteran leader will report "exclusively" to the board where he will remain as a member and stand for re-election before investors at the shareholder meeting in March."
"In comparison, when Disney appointed former CEO Bob Chapek in February 2020, Iger maintained a day-to-day full-time role as executive chairman and retained control of directing the company's creative endeavors. Disney named Susan Arnold as chairman in 2021, but wound up bringing back Iger in November 2022 for his second stint as CEOafter the company floundered. This time around, D'Amaro will serve as CEO with ex- Morgan Stanley chief James Gorman as chairman of the board."
Josh D'Amaro will assume the chief executive role at Disney with a first-year grant-date value near $45 million. Bob Iger will step down from the board's executive committee after the March 18 shareholder meeting and will fully depart by year-end, shifting into an advisory role and reporting exclusively to the board while standing for re-election in March. The previous transition to Bob Chapek left Iger with ongoing day-to-day authority, but the new arrangement creates clearer separation between the outgoing leader and the CEO. James Gorman will serve as chairman after leading succession planning to enable a cleaner transition.
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