Disney Appoints Josh D’Amaro as CEO to Succeed Bob Iger

The Walt Disney Company ends intense speculation regarding its leadership succession, naming veteran executive Josh D’Amaro as the next Chief Executive Officer effective early 2026.

The Walt Disney Company Board of Directors has officially announced that Josh D’Amaro, the current Chairman of Disney Experiences, will succeed Bob Iger as the media giant’s next CEO. The decision, revealed in a statement from Burbank late Friday, concludes a rigorous year-long search process led by the board’s succession planning committee. D’Amaro is scheduled to assume the top role in January 2026, forcing a transitional period where he will work closely with Iger to ensure a seamless handover of power.

The ‘Parks’ Favorite Takes the Helm

D’Amaro has long been considered a frontrunner for the position, having successfully steered Disney‘s massive theme park and cruise line division through the post-pandemic recovery. Under his leadership, the Experiences segment became the company’s primary profit engine, funding the costly expansion of its streaming services. Analysts note that his promotion signals a strategic prioritization of brand immersion and physical assets, areas where Disney holds a distinct competitive advantage over tech-focused rivals like Netflix and Amazon.

“Josh has a deep respect for our creative culture and a proven track record of delivering record-breaking results,” Bob Iger said in the company press release. “He understands the unique emotional connection this brand has with consumers better than anyone.”

Strategic Challenges Ahead

The incoming CEO faces a formidable slate of challenges. While the streaming division, Disney+, has achieved profitability, the company is still navigating the accelerated decline of its linear television networks, including ABC and ESPN. Market observers on Wall Street are keen to see how D’Amaro, whose background is largely operational and brand-focused, will handle the complex rights negotiations and technological shifts defining the future of sports broadcasting.

Furthermore, D’Amaro will be tasked with integrating the company’s recent investments in gaming, specifically the partnership with Epic Games, into the broader Disney ecosystem. This digital frontier is viewed as critical for engaging younger demographics who spend more time in virtual worlds than watching traditional media.

Market Reaction

Disney shares reacted positively to the news in after-hours trading, rising nearly 4%. Investors appear relieved to have clarity on the succession issue, which has loomed over the company since Iger‘s surprise return in 2022. The appointment of an internal candidate is widely interpreted as a vote for stability and culture preservation, avoiding the disruption that often accompanies external hires in creative industries.

The transition marks the final chapter of the Iger era, a period that saw Disney acquire Pixar, Marvel, Lucasfilm, and 21st Century Fox. D’Amaro now steps into shoes that are widely considered the biggest in the global entertainment industry.