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FILE - Bob Iger speaks at the Bloomberg Global Business Forum, Sept. 25, 2019, in New York. (AP Photo/Mark Lennihan, File)

Disney names Gorman to chair its succession planning committee

The Walt Disney Co. has tapped James Gorman to lead its succession planning committee as the entertainment company continues to work toward finding someone to take over the helm from Bob Iger

By MICHELLE CHAPMAN
Published - Aug 22, 2024, 09:22 AM ET
Last Updated - Aug 22, 2024, 09:22 AM EDT

Morgan Stanley Executive Chairman James Gorman will lead Disney’s search for a successor to Bob Iger, two years after the company’s longtime leader came out of retirement following a rocky transition to his hand-picked replacement.

Iger returned in 2022 after a period of clashes, missteps and a weakening financial performance at Disney under his chosen successor, Bob Chapek.

Iger was Disney’s public face for 15 years, compiling a string of victories lauded in the entertainment industry and by Disney fans, before he retired in 2020.

Shares of Walt Disney Co. rose slightly before the opening bell Thursday.

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