Aug 21, 2024 -- Walt Disney Co. has tapped former Morgan Stanley CEO James Gorman to lead the search for Bob Iger’s successor. Gorman, who oversaw the recent succession process at the bank, joined Disney’s board earlier this year, when Iger aimed to set Disney on steady footing amid a battle with activist investors. The entertainment company said its succession committee has met six times in fiscal 2024 for its deliberations, which began in January 2023. Disney must find its next leader before Iger’s contract runs out in 2026. wsj.com - Disney names board member gorman to chair committee tasked with finding igers successor

IMHO this is good news. Selecting the next CEO is the whole ball game for DIS, and they have put a pro in charge. It wasn't long ago Gorman was buying shares @ $90, so he presumably wants to see the company do well and the share price increase. According to the WSJ, the four leading internal candidates are still all in the running, and each one has a compelling argument in their favor. Last time, Iger left them with a plan for Chapek to execute, but he didn't/couldn't/wouldn't. My guess is this time they will focus on the qualities they want in the next leader, let each one of the Fab4 make their pitch, and try to anticipate and manage the fallout from choosing one over the others. But hey, what do I know?

abromber