Disney Appoints Josh D’Amaro as New CEO, Succeeding Iger
In a significant leadership change, Disney has appointed Josh D’Amaro as its new CEO, succeeding Bob Iger. The decision will take effect in March. D’Amaro, who currently serves as the chairman of Disney Experiences, was chosen unanimously by the company’s board of directors.
Background on Josh D’Amaro
Josh D’Amaro has dedicated 28 years to Disney. His expertise spans various sectors, including the management of theme parks, cruise lines, and consumer products like video games. This extensive experience positions him well for his new role as CEO.
Disney’s Leadership History
The transition comes after a turbulent period in Disney’s leadership history. In 2020, Bob Chapek was appointed as Iger’s successor but exited the role in 2022. Iger then resumed his position amid the company’s challenges, which included financial struggles and strategic shifts.
Key Achievements Under Bob Iger
During Iger’s tenure, Disney made considerable advancements. Some of his notable achievements include:
- Launching the Disney+ streaming service, which rapidly gained subscribers.
- Acquiring Hulu, significantly expanding Disney’s content offerings.
- Purchasing 20th Century Fox’s film and television studios to enhance its portfolio.
Future Plans and Mentorship
In 2023, Iger initiated a committee to search for an appropriate successor. Throughout this period, he mentored several potential candidates, ensuring a smooth transition for the company. Iger will remain a board member and senior advisor until his retirement at the year’s end.
Disney’s choice of Josh D’Amaro indicates a commitment to continuity and experience as the company navigates its future challenges.
