Disney Promotes Josh D’Amaro to CEO, Succeeding Bob Iger
Disney has appointed Josh D’Amaro as the new CEO, taking over from Bob Iger. D’Amaro will become the ninth chief executive in the company’s illustrious 100-year history.
Background of Josh D’Amaro
In his previous role, D’Amaro led Disney’s Parks, Experiences, and Products division since 2020. He has significantly influenced Disney’s theme parks, resorts, and cruise lines.
- Annual revenue from the experiences division reached $36 billion in fiscal 2025.
- Employs approximately 185,000 people globally.
The Transition of Leadership
D’Amaro steps into this position while Disney enjoys recent box office successes, including hits like Zootopia 2 and Avatar: Fire and Ash. However, the entertainment industry faces challenges. Issues like the rise of generative AI and increased scrutiny from the U.S. government are causing instability.
This transition comes after a turbulent period for Disney. Bob Iger returned to the CEO position in 2022 after stepping down just two years earlier. His predecessor, Bob Chapek, encountered significant challenges and declining financial performance.
Succession Planning
To ensure a smooth succession, Disney formed a succession planning committee in 2023. The search for Iger’s replacement gained momentum in 2024 when the company enlisted leadership from Gorman, the former executive chair of Morgan Stanley.
Bob Iger will remain a senior advisor and board member until his retirement at the close of the year.
Industry Scrutiny and Recent Events
Disney is currently navigating serious scrutiny. Recently, the company faced backlash over its decision to cancel Jimmy Kimmel Live! following controversial comments made by host Jimmy Kimmel. These remarks implied political affiliations, leading to pressure from various stakeholders.
Such controversies have ignited discussions around media censorship and potential government influence over entertainment firms.
Future Prospects under D’Amaro
D’Amaro is expected to lead Disney in a challenging time marked by mergers and political pressures. After years of mentorship from Iger, D’Amaro is well-prepared to tackle these issues.
- D’Amaro has been a part of Disney since 1998.
- He has championed a $60 billion investment in the cruise and parks divisions.
- Under his direction, Walt Disney Imagineering has developed innovative attractions globally.
In alignment with this leadership change, Dana Walden will transition to a new role as chief creative officer, directly reporting to D’Amaro. This leadership shift is set to take effect on March 18.
Conclusion
As Disney prepares for a new era, Josh D’Amaro’s leadership will be vital. The ability to navigate the evolving landscape of the entertainment industry will shape the future of this legacy company.
