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The Guardian - US
The Guardian - US
Business
Guardian staff and agencies

Disney says it will name CEO Bob Iger’s second successor in 2026

He stands in open-necked shirt and dark jacket
Bob Iger, executive chairman of the Walt Disney Company. Photograph: Hannah McKay/Reuters

Walt Disney said it would announce another replacement for CEO Bob Iger in early 2026 and named a veteran of Morgan Stanley as board chair on Monday, for the first time announcing a timetable for succession at the storied media and entertainment company.

James Gorman will step down as executive chair of Morgan Stanley at the end of 2024 and take on the position at Disney in January. He had served as CEO of the Wall Street bank for 14 years and is credited with transforming it into a wealth management powerhouse.

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