Disney’s leadership saga: Who will succeed Bob Iger?
The most thrilling ride at Disney isn’t a roller coaster—it’s the ongoing drama of who will replace Bob Iger as CEO. For nearly a decade, the question of Iger’s successor has loomed large, and recent developments have only intensified the speculation.
The search committee’s new leader
In late August, Disney announced that James P. Gorman, a board member and executive chairman of Morgan Stanley, would head the committee responsible for planning the transition. Gorman’s experience in corporate leadership makes him a fitting choice for orchestrating this critical handoff.
Lessons from the past
The urgency of finding the right successor is underscored by the recent implosion of Bob Chapek, who briefly held the CEO position before being ousted. Chapek’s short tenure serves as a cautionary tale about the high stakes involved in this decision.
Current state of Disney
Despite past turbulence, Disney has recently enjoyed a period of stability. The company is once again thriving at the box office with hits like Inside Out 2 and Deadpool & Wolverine. On the small screen, Disney-owned brands like ABC, Hulu, FX, and Disney+ have launched successful shows such as Shōgun and Abbott Elementary, earning a record-breaking 60 Emmys.
The contenders
Dana Walden
Dana Walden, co-chairman of Disney Entertainment, is a leading candidate. Known for her expertise in television and talent relations, Walden is seen as a natural successor to Iger. Her recent success at the Emmys further bolsters her credentials. However, her limited experience with Disney’s parks, cruises, and franchise businesses could be a drawback.
Josh D’Amaro
Josh D’Amaro, head of Disney parks, is another strong contender. While not as well-known as Walden, D’Amaro’s operational experience and creative vision make him a compelling choice. His recent appearance at the D23 fan convention, where he announced new attractions, showcased his ability to engage with Disney’s core audience.
Alan Bergman
Alan Bergman, Walden’s co-chairman, is also in the running. His oversight of Disney’s movie studio, which includes major brands like Marvel, Lucasfilm, and Pixar, positions him as a key player. Bergman’s success in revitalizing the studio’s fortunes could make him a viable candidate.
Jimmy Pitaro
ESPN chairman Jimmy Pitaro has frequently stated that he does not expect to become CEO, but some insiders believe he could be a dark horse candidate. His leadership at ESPN and his ability to navigate complex corporate dynamics make him a potential contender.
Hugh Johnston
Disney’s CFO, Hugh Johnston, is well-regarded within the company, but many insiders believe he is not in the running for the top job.
The external perspective
Some industry observers believe that Disney should look beyond its current leadership for Iger’s successor. The appointment of James Gorman to lead the search committee suggests that the board is open to considering external candidates. An outsider with expertise in tech, gaming, or other emerging fields could bring fresh perspectives to Disney’s future.
The stakes
The next CEO will need to navigate a complex landscape, balancing Disney’s traditional strengths with new opportunities in technology and entertainment. The right leader will need to appeal to a diverse customer base and possess the diplomatic skills to manage Disney’s intricate corporate culture.
Final thoughts
The search for Bob Iger’s successor is a high-stakes endeavor that will shape Disney’s future. Whether the next CEO comes from within the company or from outside, they will need to build on Iger’s legacy while steering Disney toward new horizons. The decision will not only impact Disney’s employees and shareholders but also its millions of fans around the world.
For more insights into Disney’s latest projects, check out the trailers for Inside Out 2, Deadpool & Wolverine, Shōgun, and Abbott Elementary.