Josh D’Amaro Named CEO of The Walt Disney Co.: Leading Disney into the Future
The Walt Disney Co. has officially named Josh D’Amaro as its next CEO, succeeding Bob Iger. D’Amaro, who has been with Disney since 1998, currently oversees the company's theme parks and consumer products division. With a background in various business and operational roles within Disney, D’Amaro is well-equipped to lead the media giant into the future.
Seen as a CEO in the classic Disney mold, D’Amaro brings nearly 30 years of experience on the retail side of Disney, providing him with a deep understanding of the brand and its audience. His current role involves managing a $60 billion investment in expanding Disney's theme parks globally, including a new destination in Abu Dhabi. Prior to joining Disney, D’Amaro worked in Gillette's finance department and holds a bachelor's degree in business administration/marketing from Georgetown University.
The Disney board, led by chairman James Gorman, faced pressure to ensure a smooth CEO succession plan after the previous transition to Bob Chapek faced challenges. Chapek took over as CEO in February 2020, just before the COVID-19 pandemic disrupted global markets. Following a series of strategic clashes, the board ousted Chapek in November 2022, leading to Iger's return as CEO with a time limit set until 2026.
Given Disney's status as the world's largest media company, the succession process was closely watched. D’Amaro emerged as the top candidate, with Dana Walden, co-chair of Disney Entertainment, also considered. Walden, a prominent TV executive, oversees a wide range of Disney's TV and streaming operations. The board ultimately chose D’Amaro, recognizing his experience and leadership qualities.
As Disney looks to the future, the new CEO will face the challenge of navigating a rapidly changing industry. Iger emphasized the need for adaptation and evolution in a dynamic world. With D’Amaro at the helm, Disney aims to continue its legacy of storytelling and innovation, driving growth and profitability across its diverse business units.