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The Walt Disney Corporate named Morgan Stanley veteran James P. Gorman as chairman of the board, efficient Jan. 2, 2025, and stated he’s already a part of the workforce “working to identify and prepare the next chief executive officer,” with a statement coming in “early 2026.”
Gorman shall be stepping unwell from his function at Morgan Stanley on Dec. 31, 2024, consistent with a press let fall. He’s recently chair of the Disney Board’s Succession Making plans Committee.
“James Gorman is an esteemed leader who has become an invaluable voice on the Disney Board since joining earlier this year, and I am extremely pleased that he has agreed to assume the role of Chairman upon my departure,” Mark G. Parker, who served on Disney’s board for 9 years, stated in a commentary. “Drawing on his vast experience, James is expertly guiding the extensive search process for a new CEO, which remains a top priority for the Board.”
Gorman had served as CEO of the Wall Side road storagefacility for 14 years and is credited with remodeling it right into a wealth control powerhouse.
DISNEY THEME PARK GUESTS WILL GET TO SKIP MORE LINES THAN EVER WITH HIGH-PRICED OPTION COMING THIS MONTH
James P. Gorman, chairman and CEO of Morgan Stanley, testifies sooner than a Area Monetary Services and products Committee listening to on Capitol Hill, April 10, 2019. (Aaron P. Bernstein / Reuters)
“I am honored and humbled to have the opportunity to serve as Disney’s Chairman at this important moment in the company’s history,” Gorman stated in a commentary. “A critical priority before us is to appoint a new CEO, which we now expect to announce in early 2026. This timing reflects the progress the Succession Planning Committee and the Board are making, and will allow ample time for a successful transition before the conclusion of Bob Iger’s contract in December 2026.”
Previous to Morgan Stanley, Gorman labored in government positions at Merrill Lynch and used to be a senior spouse at McKinsey & Co., Disney stated.
“The Disney Board has benefited tremendously from James Gorman’s expertise and guidance, and we are lucky to have him as our next Chairman – particularly as the Board continues to move forward with the succession process,” stream Disney CEO Bob Iger stated in a commentary. “I’m extremely grateful to Mark Parker for his many years of Board service and leadership, which have been so valuable to this company and its shareholders, and to me as CEO.”
DISNEY REVEALS NEW RIDES, ATTRACTIONS FOR PARKS DURING MAJOR FAN EVENT
Disney CEO Bob Iger attends the Oscar nominees luncheon in Beverly Hills, California, on Feb. 12, 2024. (Valerie Macon/AFP by means of Getty Pictures / Getty Pictures)
| Ticker | Safety | Utmost | Exchange | Exchange % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 97.28 | +0.74 | +0.77% |
Iger, who’s credited with construction Disney’s media empire, together with throughout the high-profile acquisitions of Pixar, Surprise and the Big name Wars franchise, has obvious his leaving future prolonged 5 instances.
The principle front to The Walt Disney Corporate headquarters in Burbank, July 31, 1995. (Reuters / Reuters)
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He first of all deliberate to stick for 2 years then popping out of leaving, however yes to increase his tenure via 2026. His word concludes in December 2026.
Reuters contributed to this file.
