James Gorman to Lead Disney’s Succession Planning Committee

August 21, 2024 @ 1:31 PM

Disney has named James Gorman to chair a succession planning committee tasked with finding a successor to CEO Bob Iger.

Gorman, who joined the company’s board earlier this year, has served as executive chairman of Morgan Stanley since 2012 and was the bank’s CEO from 2010 to 2023. He will step down as executive chairman in December 2024.

“James is a highly regarded leader, and we have asked him to serve as the new chairman of the Succession Planning Committee given his extensive succession planning experience and long-term strategic mindset,” Disney Board Chairman Mark Parker said in a statement. “Succession planning is a top priority for the Board, and I look forward to continuing to work with James on the Committee as we continue the important work we have already done to identify and prepare the next CEO of The Walt Disney Company.”

In addition to Gorman and Parker, the succession planning committee includes directors Mary Barra and Calvin McDonald. All members have direct experience in CEO and senior management succession planning at Fortune 500 companies.

“I look forward to working with Mark and the rest of the Committee to advise the Board as it continues to move this work forward,” said Gorman.

More coming soon…