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new CEO

Disney to name Josh D'Amaro as next CEO, replacing Bob Iger

SUMMARY

Disney is poised to appoint Josh D’Amaro, the theme park division chairman, as the new CEO, replacing Bob Iger, who plans to step down. The board will meet soon to finalize this decision, with D’Amaro seen as a strong candidate due to his successful leadership of the profitable theme park unit. Despite Disney beating first-quarter forecasts, shares dropped over 6% amid concerns about future revenue, particularly from international tourism.

D’Amaro's rise comes after a lengthy CEO search, and it’s expected that co-chair Dana Walden may receive an elevated role to retain her at the company. D’Amaro has been with Disney since 1998, primarily in theme park roles.


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