Disney CEO Bob Iger is searching for his replacement as the company attempts to navigate an uncertain future.
"I think it would be safe to assume that I think about all the time," he said on a podcast. "I could say that, 'I'm obsessed with it' would be probably an understatement and actually, the board and I established when I returned that that would be among our biggest, if not our biggest priority."
"We got into the streaming business in a very, very aggressive way," Iger said at an investor conference in May. "We tried to tell too many stories. Basically, we invested too much, way ahead of possible returns. It's what led to streaming ending up as a $4 billion loss. ... I've pulled that back in a variety of ways."hit last year, the stock has fallen about 8% since Iger reclaimed the CEO position in November 2022.
Fireworks light up the sky above Cinderella's Castle during the daily Happily Ever After light and fireworks show at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Fla. Disney's board still has over two years until Iger's contract is up, but the effective deadline for lining up Iger's successor will come much sooner than December 2026.
D'Amaro is another Disney veteran, joining the company in 1998 in a position at the Disneyland Resort. He took over the parks and experiences division in 2020 and has since navigated choppy waters, including a high-profile feud with Florida Gov. Ron DeSantis and a pandemic that brought the parks business to a complete halt.
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