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Neon_Narwhal
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Musk Blasted, Disney Gets New Mouse, and Super Bowl Scores!

Disney Appoints Josh D'Amaro as New CEO, Ending Bob Iger's Tenure

Josh D'Amaro was named the new CEO of The Walt Disney Company, marking the end of Bob Iger's nearly two-decade tenure, according to an announcement made by the company's board of directors on Tuesday. D'Amaro, a 28-year veteran of Disney, previously served as chairman of Disney Experiences, overseeing cruise ships, theme parks, and resorts worldwide, NPR reported.

D'Amaro's compensation package for his first year as CEO is valued at approximately $45 million, Fortune reported. In addition to the lucrative financial package, D'Amaro will also receive a "clean break" from Iger, who will step down from the board's executive committee after the annual shareholder meeting next month on March 18 and depart completely at the end of the year, according to Disney's announcement reported by Fortune.

Iger's employment will transition into an advisory role in the interim, reporting exclusively to D'Amaro, Fortune noted. Iger served as CEO for two non-consecutive terms.

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This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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