After a lengthy selection process, The Walt Disney Company today announced Josh D’Amaro, currently chairman of Disney Experiences, as its new CEO, taking over from Bob Iger.
D’Amaro, 54, has served as Chairman of the Disney Experiences segment since 2020 and previously served as President of Walt Disney World Resort. He joined the company in 1998 at Disneyland Resort.
D’Amaro’s appointment will take effect at Disney’s annual meeting on March 18. Iger will serve as a senior advisor and a Disney board member until he retires from the company on Dec. 31.
James Gorman, Chairman of The Walt Disney Company Board of Directors, told investors, “Josh D’Amaro possesses that rare combination of inspiring leadership and innovation, a keen eye for strategic growth opportunities, and a deep passion for the Disney brand and its people – all of which make him the right person to take the helm as Disney’s next CEO.”
“The Board believes he is exceptionally well prepared to guide this global company forward to serve our consumers around the world and create long-term value for shareholders.”
Robert A. Iger stated, “Josh D’Amaro is an exceptional leader and the right person to become our next CEO. He has an instinctive appreciation of the Disney brand, and a deep understanding of what resonates with our audiences, paired with the rigor and attention to detail required to deliver some of our most ambitious projects. His ability to combine creativity with operational excellence is exemplary and I am thrilled for Josh and the company.”
Josh D’Amaro, incoming CEO, said, “Disney’s strength has always come from our people and the creative excellence that defines our stories and experiences. There is no limit to what Disney can achieve, and I am excited to work with our teams across the company and brilliant creative partners to honor Disney’s remarkable legacy while continuing to innovate, grow, and deliver exceptional value for our consumers and shareholders. I also want to express my gratitude to Bob Iger for his generous mentorship, his friendship, and the profound impact of his leadership.”
On Monday, Disney announced quarterly earnings and revenue that exceeded expectations, driven by its theme parks and streaming services.
Disney shares rose almost 2% following the announcement.
By CEO NA Editorial Staff
