Disney Unveils New CEO Amidst Shifting Landscape
In a unanimous decision, Disney's board of directors has selected Josh D'Amaro as the company's new chief executive officer (CEO), effective in March. This marks a significant shift for Disney, following Bob Iger's departure from the role after a decade-long tenure.
D'Amaro, who has been with Disney for an impressive 28 years, brings a wealth of experience to the position. He will oversee the company's theme parks, cruises, and consumer products division, including video games. This extensive background in driving business growth and operational success is likely to serve him well in his new role.
Interestingly, Disney's search for Iger's successor was not an easy task. Following a brief tenure under Bob Chapek, who took the reins after Iger's initial departure in 2020, it became clear that Chapek's leadership style wasn't aligned with the company's long-term vision. Iger returned to the helm in 2022 to stabilize the organization and set the stage for a new era of growth.
Under Iger's guidance, Disney underwent significant transformations. The launch of the Disney+ streaming service marked a major milestone, while the acquisition of Hulu and 20th Century Fox further solidified the company's position as a media powerhouse.
As D'Amaro assumes the reins, he'll inherit a robust organization with diverse revenue streams. He will continue to build on Iger's successes while navigating the ever-changing landscape of the entertainment industry.
In related news, Bob Iger will remain on Disney's board of directors and serve as senior advisor until his retirement at year-end. With D'Amaro at the helm, the future looks bright for the iconic media giant.
In a unanimous decision, Disney's board of directors has selected Josh D'Amaro as the company's new chief executive officer (CEO), effective in March. This marks a significant shift for Disney, following Bob Iger's departure from the role after a decade-long tenure.
D'Amaro, who has been with Disney for an impressive 28 years, brings a wealth of experience to the position. He will oversee the company's theme parks, cruises, and consumer products division, including video games. This extensive background in driving business growth and operational success is likely to serve him well in his new role.
Interestingly, Disney's search for Iger's successor was not an easy task. Following a brief tenure under Bob Chapek, who took the reins after Iger's initial departure in 2020, it became clear that Chapek's leadership style wasn't aligned with the company's long-term vision. Iger returned to the helm in 2022 to stabilize the organization and set the stage for a new era of growth.
Under Iger's guidance, Disney underwent significant transformations. The launch of the Disney+ streaming service marked a major milestone, while the acquisition of Hulu and 20th Century Fox further solidified the company's position as a media powerhouse.
As D'Amaro assumes the reins, he'll inherit a robust organization with diverse revenue streams. He will continue to build on Iger's successes while navigating the ever-changing landscape of the entertainment industry.
In related news, Bob Iger will remain on Disney's board of directors and serve as senior advisor until his retirement at year-end. With D'Amaro at the helm, the future looks bright for the iconic media giant.