Disney Unveils New CEO in Bid to Stabilize Fledgling Leadership After Turbulent Succession Saga.
In a surprise move, The Walt Disney Company has named Josh D'Amaro as its next chief executive officer (CEO), bringing an end to a chaotic succession process that saw the departure of two high-profile executives. D'Amaro, who will assume the role in March, is set to lead the media giant into its next phase, building on the company's extensive portfolio of beloved brands and franchises.
D'Amaro, chair of Disney Parks, Experiences and Products since 2020, has been tasked with reining in the company's sprawling entertainment empire, which boasts iconic properties like Pixar, Marvel, Lucasfilm, and ESPN. With a net worth valued at $185 billion, Disney is one of the world's most valuable media conglomerates.
When D'Amaro takes up the role, he will succeed Bob Iger, who stepped down in 2020 only to return in 2022 following the sudden departure of his handpicked successor, Bob Chapek. Iger, who has led Disney for 15 years, expressed confidence in D'Amaro's abilities, stating that he is an "exceptional leader" with a deep understanding of the Disney brand.
However, not everyone is optimistic about D'Amaro's prospects as CEO. Some analysts have noted that, unlike Iger, D'Amaro has little name recognition in Hollywood, which could pose challenges for the new leadership. To address these concerns, Disney has promoted Dana Walden, co-chair of its entertainment division, to president and chief creative officer.
As part of his compensation package, D'Amaro will receive a base salary of $2.5 million, plus a performance-based bonus that could reach up to 250% of his base salary. He will also be granted long-term incentive awards worth millions of dollars each year, contingent on the company's performance and evaluation.
The new leadership structure is seen as an effort by Disney to stabilize its operations after a tumultuous period marked by executive changes and uncertainty. With D'Amaro at the helm, the company is expected to focus on delivering exceptional value for consumers and shareholders while continuing to innovate and grow in the entertainment industry.
In a surprise move, The Walt Disney Company has named Josh D'Amaro as its next chief executive officer (CEO), bringing an end to a chaotic succession process that saw the departure of two high-profile executives. D'Amaro, who will assume the role in March, is set to lead the media giant into its next phase, building on the company's extensive portfolio of beloved brands and franchises.
D'Amaro, chair of Disney Parks, Experiences and Products since 2020, has been tasked with reining in the company's sprawling entertainment empire, which boasts iconic properties like Pixar, Marvel, Lucasfilm, and ESPN. With a net worth valued at $185 billion, Disney is one of the world's most valuable media conglomerates.
When D'Amaro takes up the role, he will succeed Bob Iger, who stepped down in 2020 only to return in 2022 following the sudden departure of his handpicked successor, Bob Chapek. Iger, who has led Disney for 15 years, expressed confidence in D'Amaro's abilities, stating that he is an "exceptional leader" with a deep understanding of the Disney brand.
However, not everyone is optimistic about D'Amaro's prospects as CEO. Some analysts have noted that, unlike Iger, D'Amaro has little name recognition in Hollywood, which could pose challenges for the new leadership. To address these concerns, Disney has promoted Dana Walden, co-chair of its entertainment division, to president and chief creative officer.
As part of his compensation package, D'Amaro will receive a base salary of $2.5 million, plus a performance-based bonus that could reach up to 250% of his base salary. He will also be granted long-term incentive awards worth millions of dollars each year, contingent on the company's performance and evaluation.
The new leadership structure is seen as an effort by Disney to stabilize its operations after a tumultuous period marked by executive changes and uncertainty. With D'Amaro at the helm, the company is expected to focus on delivering exceptional value for consumers and shareholders while continuing to innovate and grow in the entertainment industry.
i mean think about it, they've got a huge empire to run, people expecting results from everyone, and now they're trying to stabilize after some major changes... it's like they're trying to juggle a million balls in the air without dropping any 
but at the same time, you gotta respect that Josh D'Amaro is stepping up to lead, he's been doing his thing in Disney Parks for years, and Iger thinks he's got what it takes 
so yeah, let's see how this all plays out, but one thing's for sure, it's gonna be interesting to watch 
and now he's back... that's some crazy leadership drama right there 
. i hope d'a-maro can tame the disney beast without loosing any more execs 
. the fact that they're promoting dana walden to president and cco is like a power move, but will it be enough to stabilize things? 
only time will tell 
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but seriously, Josh D'Amaro seems like a decent pick tho 
at least the fact that they're promoting Dana Walden to president and CCO is a nice move 
she's got the creative cred to back it up 
. Like, what happened to Bob Iger? He was out for like 2 years, and then he came back? And now there's this whole thing with Chapek and Walden? It feels like they're trying to fix the puzzle from last year 
. Plus, I wish they'd give more info about his plans for Disney's future 
. I mean, what about the movies and TV shows? Will they be sticking to the old formula or trying something new? 
. The thing that really gets me is that Bob Chapek only lasted 2 years as CEO and now they're counting on this guy to lead? 
At least Bob Iger knows what he's doing, right? And don't even get me started on the lack of name recognition in Hollywood... that's like trying to put a new face on a brand without anyone really knowing who it is 
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. Plus, the whole entertainment division thing with Dana Walden being promoted as president and CCO is kinda confusing... like, who's in charge now? 
Disney's like, finally got a solid leader after all dat drama 
Josh D'Amaro sounds like a great pick tho! he's been doin a good job as chair of Disney Parks and Experiences 
and now he gets to lead the whole company? 
I'm so hyped for what dis new CEO is gonna bring to da table 
just when u thought things were gonna get better for Disney... they're changin CEOs like it's goin outta style 
. I mean, 2 CEOs in like 3 yrs? That's just crazy talk 
. And now Josh D'Amaro's gotta take the reins... has anyone even heard of him? 
. Not to mention Dana Walden gettin promoted to CCO, which is just another thing for Disney to juggle 
finally, someone new at the wheel... like it's going to make a difference 
. At least they're being transparent about his lack of name recognition in Hollywood, that's some real honesty 
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he's been doing an amazing job with disney parks, experiences & products and i think he's gonna bring a fresh perspective to the whole company. plus, having dana walden on board as president and chief creative officer is a great move - she's super talented and has a lot of experience in the entertainment industry. 
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i love that they're bringing him on board to lead the company, he's got a deep understanding of the brand and will definitely bring some stability after that crazy succession saga 
. can't wait to see what he does next! 
... the question is, can he bring some much-needed stability to the company without making us wait another 3-4 years for someone new to come in and shake things up 