Iger to Step Down as Disney CEO, D'Amaro to Take Over
Walt Disney's CEO, Bob Iger, is set to step down from his position, with Josh D'Amaro, head of Disney parks, poised to take over at the company's annual meeting on March 18, according to company announcements. This transition marks Iger's second departure from the CEO role, having previously relinquished the position to Bob Chapek in 2020 before returning approximately three years later.
Iger's exit will involve stepping down from the board's executive committee after the shareholder meeting and departing completely at the end of the year. Following the transition, Iger will transition into an advisory role, reporting exclusively to D'Amaro, according to Disney.
D'Amaro is set to receive a lucrative pay package for his first year as CEO, with a total grant-date value of roughly $45 million. His mandate will be to lead one of the world's most prominent and well-known companies.
Hollywood and Wall Street have been skeptical of Iger's previous retirement announcements. In the years since Iger took the CEO job in 2005, he scheduled and then postponed his retirement four times before he eventually handed over the CEO position to parks chief Bob Chapek in 2020and then took it back about three years later.
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