Disney Names Parks Chief Josh D'Amaro as Successor to CEO Bob Iger

Disney has named Josh D'Amaro, head of the company's Experiences division, as the successor to CEO Bob Iger, following a rigorous evaluation by the board. The decision, which was widely anticipated, aims to ensure continuity in Disney's operations during the leadership transition. D'Amaro has been with Disney since 1998 and has led the company's $60 billion investment in parks, cruises, and resorts.

The board's decision to choose an internal candidate follows Iger's return to the CEO role in 2022 after Bob Chapek's brief tenure. Iger previously led Disney before stepping down in 2020. The board's selection of D'Amaro emphasizes its confidence in his leadership in driving long-term value for shareholders.

D'Amaro's appointment is effective on March 18. The decision was made after a year-long succession planning process led by the board's Succession Planning Committee. The transition is expected to provide stability and continuity in Disney's operations as it continues to expand its global footprint.

Why the Move Happened

The board's decision to promote D'Amaro reflects his deep understanding of Disney's core businesses. As co-chair of the Experiences division, D'Amaro has overseen the development of new attractions, cruise ships, and resorts. His leadership has been instrumental in driving growth in the theme parks segment, which remains a key revenue driver for Disney.

D'Amaro's role in Walt Disney Imagineering further supports his ability to innovate and maintain the company's creative edge. The decision to appoint an internal candidate aligns with Disney's strategy of maintaining institutional knowledge and preserving its brand legacy.

How Markets Responded

Disney shares rose more than 1% in early trading following the announcement. Investors have been closely watching the succession process, which had been an overhang on the stock for several months. The market reaction suggests confidence in D'Amaro's ability to lead Disney through its next phase of growth.

Analysts have also responded positively. Jefferies analysts noted that the leadership transition is now "resolved" and that the market should "move on." The firm's analysts believe D'Amaro's appointment is well-received given his strong track record in managing Disney's most profitable divisions.

What Analysts Are Watching Next

While the appointment of D'Amaro has been welcomed, analysts continue to monitor the company's financial performance. Disney's Q1 2026 results showed mixed performance, with strong revenue growth in the Experiences division but weaker outlook for the quarter.

Investors are also keeping a close eye on Disney's ability to manage costs and deliver on its long-term growth initiatives. The company faces headwinds, including rising sports rights costs and international tourism challenges. However, its focus on capital returns through buybacks and dividend increases remains a key point of support for shareholders.

D'Amaro's leadership will be tested in addressing these challenges while maintaining Disney's innovation edge and financial discipline. The board's commitment to long-term value creation will be a key factor in assessing the success of this transition.