Josh D'Amaro Takes Helm: Disney's New Era Begins

Disney has announced Josh D'Amaro as its new chief executive, marking a significant leadership change after the company faced challenges with the previous succession. D'Amaro, who has been with Disney since 1998, is set to replace Bob Iger, who returned to the CEO role in 2022 after his initial successor, Bob Chapek, struggled to maintain the company's creative vision and financial performance.

D'Amaro has notably led Disney's ambitious $60 billion investment into its theme parks, cruise ships, and resorts, overseeing projects that have furthered Disney's brand expansion. A veteran in Disney's ranks, D'Amaro's selection comes after a thorough vetting process initiated by a succession planning committee in 2023, with guidance from Morgan Stanley's James Gorman.

With his appointment effective March 18, D'Amaro steps in amid rising stock prices and high expectations to continue elevating the Disney experience. The decision underscores Disney's preference for an internal candidate who understands its creative and corporate ethos. The entertainment giant anticipates a renewed focus on innovation and growth under D'Amaro's leadership.