Disney announces Josh D’Amaro will be its new CEO after Iger departs

The Walt Disney Company has announced that Josh D’Amaro will succeed Bob Iger as chief executive officer, effective March 18, 2026. D’Amaro, who is currently the head of Disney's theme parks division, was chosen for the role following a unanimous vote by the company's board of directors. Bob Iger has led Disney for nearly two decades across two separate terms, and his departure marks a significant transition for the company. D’Amaro's appointment comes after a lengthy search process that lasted over two years, during which the board evaluated various candidates to replace Iger (Deadline, The Verge, South China Morning Post, Financial Times, Hollywood Reporter). D’Amaro, 54, has been with Disney for 28 years, overseeing theme parks, cruises, and consumer products, including video games. His leadership style is characterized by inspiring innovation and strategic growth, which the board believes will benefit Disney moving forward. He has expressed a vision for the company that includes embracing new technologies, such as artificial intelligence, while also focusing on the protection of actors within the industry. D’Amaro has indicated that he is a "big risk taker," suggesting a willingness to explore bold strategies for Disney's future (Deadline, The Verge, South China Morning Post, Financial Times, Hollywood Reporter). In terms of compensation, D’Amaro will start with an annual base salary of $2.5 million, payable weekly. He is also eligible for an annual target incentive bonus of 250% of his base salary at the end of each fiscal year. Additionally, he will receive a long-term stock incentive valued at $26.25 million, as disclosed in filings with the SEC (Deadline, The Verge, South China Morning Post, Financial Times, Hollywood Reporter). Alongside D’Amaro's appointment, Dana Walden has been named President and Chief Creative Officer, a newly created role within Disney. The leadership changes at Disney will be closely watched as the company navigates the challenges and opportunities in the entertainment industry (Deadline, The Verge, South China Morning Post, Financial Times, Hollywood Reporter).