Disney Chair Gorman on Why D'Amaro Is the Next CEO

Watch on YouTube ↗  |  February 03, 2026 at 15:40  |  10:42  |  Bloomberg Markets
Speakers
James Gorman — Chairman of the Board, The Walt Disney Company

Summary

Disney Chairman James Gorman discusses the board's selection of Josh D'Amaro as the next CEO to succeed Bob Iger in March. Gorman explains the succession process, the retention of senior creative leadership, and Bob Iger's advisory transition through 2026. He also says Disney trades at 15 times earnings, which he calls nuts given the company's asset quality, and says he is excited about the company's prospects.

  • Disney named Josh D'Amaro as next CEO, succeeding Bob Iger in March.
  • Chairman James Gorman said D'Amaro was selected after a search involving over 100 candidates.
  • Gorman highlighted D'Amaro's parks experience, creative instincts, global operations, and planned UAE expansion.
  • Disney promoted Dana Walden to president and chief creative officer while retaining other top executives.
  • Bob Iger will serve as an employee advisor and board member through 2026, then step off the board.
  • Gorman called Disney's 15 times earnings valuation nuts given its asset quality and expressed optimism about its prospects.
Ideas
James Gorman Chairman of the Board, The Walt Disney Company 0:38
Clean CEO succession de-risks Disney
Gorman says Disney's CEO succession is now resolved and de-risked: Josh D'Amaro was selected after a global search that considered over 100 candidates and beat internal and external contenders. D'Amaro has run a huge parks operation with $60 billion of Disney capital invested, has strong creative instincts and global operating experience including the planned UAE expansion, and is supported by Dana Walden as president and chief creative officer plus other senior executives. Gorman says Bob Iger will mentor D'Amaro through 2026 and then make a clean exit, leaving Disney well positioned for the next decade.
DIS HIGH
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This Bloomberg Markets video, published February 03, 2026, features James Gorman discussing DIS. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: James Gorman  · Tickers: DIS