Gorman, who’s government chairman of Morgan Stanley and is stepping down from that position on Dec. 31, defied deeply entrenched Wall Road norms with a cold handoff on the funding financial institution, choosing a successor from throughout the agency whereas persuading the dropping candidates to remain.
His departure caps a virtually two-decade run on the agency.
Along with Gorman, the Disney board’s succession planning committee consists of Common Motors Co. CEO Mary Barra and Calvin McDonald, CEO of Lululemon Athletica Inc. The committee met six instances in fiscal 2024, Disney mentioned.
Disney is weighing each inside and exterior candidates to succeed Iger, whose second time period as CEO runs by means of 2026.
Disney’s 4 divisional heads — TV chief Dana Walden, ESPN’s Jimmy Pitaro, theme-parks boss Josh D’Amaro and Alan Bergman, who heads the movie enterprise — are competing for the CEO position, Bloomberg has reported.
Credit score: Bloomberg
