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Disney names Josh D'Amaro as next chief executive
Walt Disney Co. has selected Josh D'Amaro, the head of its theme parks division, to succeed Bob Iger as chief executive, effective 18 March. The move ends a prolonged leadership transition at the entertainment giant.
Why D'Amaro?
The decision highlights Disney's reliance on its parks and experiences segment, which has delivered steady profits amid challenges in streaming and film. D'Amaro, a 28-year company veteran, currently leads Disney Experiences, a division with 185,000 employees and $36 billion in annual revenue.
Under his leadership, the unit has expanded globally, launching attractions like Star Wars: Galaxy's Edge and World of Frozen, while also venturing into digital partnerships, including collaborations with the creators of Fortnite.
Iger's legacy and departure
Iger, who has led Disney for nearly two decades-save for a brief hiatus in 2020-2022-will step down after overseeing a major restructuring. His tenure focused on cutting costs in streaming and film, revitalizing ESPN, and expanding parks and cruises.
"I am proud to step away at a moment when Disney's future has never been brighter," Iger said in a statement.
Challenges ahead
D'Amaro, 54, takes the helm as U.S. media companies face growing political scrutiny. Disney has been a frequent target of conservative criticism, including from Florida Governor Ron DeSantis, over perceived progressive values in its content.
Recent controversies include the suspension of comedian Jimmy Kimmel following remarks about conservative activist Charlie Kirk. Meanwhile, Disney's parks division has faced backlash over rising visitor costs, and investors have expressed frustration with the company's underperforming stock.
Shares dipped 1% in early trading after the announcement.
Leadership changes
Disney also promoted Dana Walden, currently co-chair of its entertainment division, to a new role as chief creative officer. Walden, known for her ties to Vice President Kamala Harris, had been seen as a potential rival for the CEO position. She will report to D'Amaro.
What's next
D'Amaro will oversee Disney's strategic direction as it navigates industry shifts, political pressures, and investor expectations. His background in parks-a historically stable revenue stream-may offer a steady hand amid broader turbulence.
