Disney's Theme Park Chief Ascends to Top Role as New CEO
The Walt Disney Company has announced a significant leadership transition, with theme parks chief Josh D'Amaro set to take over as chief executive, succeeding Bob Iger. This move brings to a close one of the most closely monitored succession processes in corporate America.
An Exceptional Leader for the Disney Brand
In a statement released on Tuesday, outgoing CEO Bob Iger praised D'Amaro, describing him as "an exceptional leader and the right person to become our next CEO." Iger highlighted D'Amaro's "instinctive appreciation of the Disney brand" and his "deep understanding of what resonates with our audiences."
D'Amaro, aged 54, is a Disney veteran who has dedicated more than two decades to the company, primarily within its parks division. His career trajectory includes:
- Joining Disney in 1998 at Disneyland Resort
- Serving as chairman of the Disney Experiences division since 2020
- Previously overseeing Walt Disney World Resort
Steering a Vast Entertainment Empire
In his new role, D'Amaro will assume control of Disney's extensive portfolio, which encompasses:
- Pixar and Marvel Studios
- Star Wars franchise operations
- ABC television network
- Disney+ streaming service
- Hulu platform
- The global theme park and cruise business
Theme Parks: Disney's Profit Powerhouse
This appointment comes at a time when Disney's theme parks and cruises have emerged as the company's most significant profit drivers. D'Amaro's successful stewardship of this division undoubtedly contributed to his selection for the top position.
A High-Profile Succession Process
D'Amaro's appointment follows a yearlong, highly visible competition with Disney entertainment co-chair Dana Walden. While D'Amaro secured the CEO role, Walden has been appointed to the newly created position of president and chief creative officer.
Disney's leadership was determined to ensure an orderly succession this time, following the turbulent transition in 2020 when former parks chief Bob Chapek was elevated to CEO, only to be ousted two years later in a dramatic reversal that saw Iger reinstated.
Strategic Leadership Endorsement
Chairman James Gorman, who joined Disney's board in 2024 after overseeing a widely praised succession at Morgan Stanley, led the search process. Gorman expressed strong confidence in D'Amaro's capabilities, stating: "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 market responded positively to the announcement, with Disney shares climbing 1.5 percent in premarket trading following the news of D'Amaro's appointment.
