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Josh D’Amaro in Austin, Texas, in March 2025.Adam Kissick \/ Getty Images file<\/p>\nThe Magic Kingdom will soon have a new monarch.<\/p>\n
The Walt Disney Co. announced Tuesday that theme parks chief Josh D\u2019Amaro will succeed Bob Iger, the company\u2019s longtime chief executive, on March 18. The move effectively closes the curtains on one of the most closely watched succession sagas in corporate America.<\/p>\n
D\u2019Amaro, 54, is set to take control of a sprawling entertainment empire that includes the Pixar and Marvel studios, the \u201cStar Wars\u201d franchise, the ABC broadcast network, the streaming platforms Disney+ and Hulu, a storied library of classic movies and theme parks around the world.<\/p>\n
Josh D’Amaro in Austin, Texas, in March 2025.Adam Kissick \/ Getty Images file<\/p>\n
\u201cJosh D\u2019Amaro is an exceptional leader and the right person to become our next CEO,\u201d said Iger, who turns 75 next week.<\/p>\n
In a statement, D\u2019Amaro said he was \u201cimmensely grateful to the Board for entrusting me with leading a company that means so much to me and millions around the world.\u201d<\/p>\n
Dana Walden, a top executive who oversees Disney\u2019s television and streaming units, will become president and chief creative officer, the corporation announced. She had been widely viewed as one of the contenders for the CEO role.<\/p>\n
The announcement comes during a turbulent time for the entertainment business and a transitional moment for Hollywood. Disney and other legacy studios are grappling with the decline of broadcast television viewership, the rise of generative artificial intelligence, labor union unrest and scrutiny from Trump administration regulators.<\/p>\n
\u200bD\u2019Amaro is currently the chairman of a corporate unit known as Disney Experiences, a role that gives him broad oversight over the company\u2019s cruise ships, resorts, attractions and consumer technologies. He oversees a dozen theme parks and nearly 60 resort hotels across the United States, Europe and Asia, as well as a planned theme park in Abu Dhabi, United Arab Emirates.<\/p>\n
Disney\u2019s parks business has excelled under \u200bD\u2019Amaro\u2019s leadership. In its most recent earnings report, released Monday, the domestic parks unit saw record quarterly revenue in the three months ending Dec. 27, while attendance and guest spending also grew year over year. <\/p>\n
Outside of parks and cruises, D\u2019Amaro also leads Disney\u2019s consumer products unit, which handles its lucrative licensing business for children\u2019s toys, apparel and home products, according to his online corporate profile.<\/p>\n
D\u2019Amaro, who joined the company in 1998 with a role at Disneyland Resort, rose through the ranks of the Mouse House over decades. He previously was chief financial officer of Disney consumer products global licensing, president of Disneyland Resort and president of Walt Disney World Resort.<\/p>\n
Iger\u2019s planned departure will mark the end of his second stint at Disney. He returned as CEO<\/a> in late 2022, two years after he stepped down<\/a>, following the board\u2019s decision to oust<\/a> his handpicked successor, Bob Chapek, amid internal dissatisfaction with his management.<\/p>\n Disney\u2019s board said at the time that Iger had signed on for two years and would be asked to \u201cwork closely with the Board in developing a successor to lead the Company at the completion of his term.\u201d The board voted unanimously<\/a> in 2023 to extend his tenure through Dec. 31, 2026.<\/p>\n \u201cOn behalf of the entire Board, we extend our deepest gratitude to Bob Iger for his extraordinary leadership and dedication to The Walt Disney Company,\u201d Disney Chairman James Gorman said.<\/p>\n Disney said Iger will continue to serve as a senior adviser and a member of the board until his retirement from the company Dec. 31.<\/p>\n In addition to D\u2019Amaro and Walden, ESPN Chairman Jimmy Pitaro had been reportedly viewed as a top candidate to succeed Iger. <\/p>\n
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