Disney names parks and cruises boss Josh D’Amaro as next CEO

AI Summary
Disney has named Josh D'Amaro as its next CEO, succeeding Bob Iger who led the company for 15 years. D'Amaro will take up the role in March and will oversee Disney's theme parks and cruise ships, which he previously headed as chairman of the Disney Experiences division since 2020. The move follows a tumultuous succession process, with Iger returning to the CEO role after Bob Chapek was fired in 2022. D'Amaro has expressed gratitude for the board's trust and commitment to leading the company, which is valued at $185 billion and includes various media and entertainment divisions. Dana Walden, co-chair of the entertainment division, will become president and chief creative officer. The announcement comes as Disney faces challenges in its theme park business and continues to grow its streaming services.
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