Disney Names Parks Chief Josh D’Amaro as New CEO, Succeeding Bob Iger

• Walt Disney Co. has appointed Josh D’Amaro, head of its theme parks, cruise lines, and consumer products business, as its ninth CEO.
• D’Amaro succeeds Bob Iger, becoming CEO at a time when Disney's parks and experiences division is its most profitable.
• His appointment follows a closely watched internal succession race and aims for a smoother transition after previous CEO Bob Chapek's short tenure.
• Investors expect D’Amaro to articulate a clear growth narrative, with Disney shares significantly below their 2021 peak.
• D’Amaro, with nearly three decades at Disney, has led the Experiences division since 2020, which accounted for 57% of operating income last fiscal year.

Why It Matters: Josh D’Amaro, Disney's parks chief, is the new CEO, signaling a focus on experiences and physical assets.