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Disney has appointed James Gorman to succeed Mark Parker as the company’s next chairman in January, paving the way for a successor to CEO Bob Iger to be named in early 2026. Gorman, who joined Disney’s board less than a year ago and heads the succession planning committee, will take over from Nike Executive Chairman Parker. This move comes as Disney aims to provide a smooth transition in its leadership.

Gorman’s experience in overseeing succession planning, such as at Morgan Stanley, where Ted Pick succeeded him as CEO, adds value to Disney’s succession process. This appointment follows the board’s dismissal of Bob Chapek, Iger’s previous successor, signaling the importance of a stable and effective leadership transition. The board is currently evaluating internal and external candidates for the CEO position, with Iger’s direct reports being considered as potential candidates.

While the decision to delay the announcement of a successor until early 2026 provides more time for due diligence, it also prolongs the uncertainty surrounding Disney’s future leadership. Iger, who has postponed his retirement multiple times, continues to lead the company as CEO until at least the end of 2026. The board and Iger have yet to determine if his tenure will extend beyond that date.

Overall, Disney’s strategic approach to succession planning and leadership transition underscores the company’s commitment to ensuring a seamless and effective transfer of power.

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