The Walt Disney Company is beginning to search for who will become the company’s next CEO. See who the leading candidates are so far right here.
Bob Iger Returns
Bob Iger returned as Disney CEO back in November 2022. His initial contract was to last for two years, but was later extended through December 31, 2026. At the time of the contract extension, the Board of Director stated his extension “provides continuity of leadership during the company’s ongoing transformation”.
While many applauded his return, it is safe to say that he has had a good deal of ups and downs since he has returned. Stock prices have reached their all time low. The state of Florida has been in an ongoing legal battle with the company and park attendance has been down.
Many top executives have also either been fired or have left the company.
A New Board
In the meantime, Disney is also in the process of appointing new Board members. The company disclosed twelve nominees for the Board. You can read about those nominees in this post HERE.
The nomination of new Board members has also made news. The family of Walt Disney has come forward defending the company. The family has expressed support for Bob Iger and his decisions for the company’s future.
Disney CEO, Bob Iger stated, “We are committed to protecting their legacy as we chart Disney’s path ahead.” in an e-mail that was recently sent.
Candidates for CEO
According to a Bloomberg article, the company is narrowing down their decision for the next CEO with four divisional heads. The four heads up for consideration are: Co-Chairman of Disney Entertainment, Dana Walden; Chairman of ESPN, James Pitaro; the Chairman of Disney Experiences, Josh D’Amaro; and Co-Chairman of Disney Entertainment, Alan Bergman.
Bob Iger is working closely with the top candidates as they search for the next CEO.
The article also mentions that it is possible for the company to seek a #2 executive to serve for some time before Iger officially steps down.
Who do you think the next CEO for the Walt Disney Company will be? What do you think of the four possible candidates? Who do you think is the best fit? Let us know in the comments below or share this post with a friend who is interested in the company’s future.
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