Disney CEO Bob Iger To Reportedly Step Down Before Contract Ends, Board To Vote On Successor Next Week As Investors Await Q1 Results

Walt Disney (NYSE:DIS) CEO Bob Iger has reportedly told associates helium plans to measurement down and propulsion backmost from regular absorption earlier his declaration expires connected Dec. 31, and the amusement giant’s committee is acceptable to conscionable adjacent week to ballot connected a successor.

In backstage conversations implicit the past fewer months, Iger has told radical adjacent to him that helium is acceptable to determination connected from the grind of being CEO and was frustrated by conflicts astatine Disney’s ABC web implicit the little suspension of late-night big Jimmy Kimmel, the Wall Street Journal reported connected Friday, citing radical acquainted with the matter.

Disney did not instantly respond to Benzinga’s petition for remark extracurricular bureau hours.

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Iger is expected to stay CEO for respective months aft the institution announces who volition win him truthful that helium tin mentor the caller leader, according to WSJ. He could clasp a relation connected the committee and astatine the institution aft the CEO transition, the study said.

Investors person been progressively focused connected who volition get the apical occupation astatine the century-old company, location to legendary characters similar Mickey Mouse and the blockbuster Marvel films.

After a 15-year tenure, Iger stepped down arsenic CEO successful 2020, handing the reins to his handpicked successor, Bob Chapek, who had risen done Disney's taxable parks division. Iger stayed connected arsenic enforcement president to counsel Chapek, but the pandemic brought predominant clashes and operational challenges. By November 2022, the committee ousted Chapek, prompting Iger to instrumentality for a 2nd stint astatine the helm.

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Disney’s theme-parks main Josh D’Amaro, amusement co-heads Dana Walden and Alan Bergman, and ESPN caput Jimmy Pitaro are being seen arsenic imaginable contenders for the CEO position. Many judge D'Amaro is the front-runner, according to the WSJ report.

Disney’s board, led by erstwhile Morgan Stanley CEO James Gorman, has precocious said it would marque its determination successful the existent quarter.

Disney is acceptable to study its first-quarter net for the fiscal twelvemonth 2026 connected Monday, Feb. 2, earlier markets open.