Disney CEO Iger says he wants to leave the company before the end of his contract - WSJ
In private conversations, Iger said he was tired of the exhausting duties of CEO of a media holding company / Photo: Silvia Elizabeth Pangaro / Shutterstock.com
Disney CEO Bob Iger has told his cronies that he intends to step down and step away from day-to-day management of the company ahead of his contract expiring on December 31, 2026, The Wall Street Journal reported, citing sources.
Details
In private conversations over the past few months, Iger has said in recent months that he is tired of the exhausting duties of CEO and frustrated by internal conflicts, including the situation with the ouster of late-night show host Jimmy Kimmel on Disney-owned ABC.
The timing of Eiger's resignation as CEO remains uncertain and subject to change, the WSJ notes. After the successor is announced, Eiger is expected to continue as CEO for a few more months to hand off business and mentor the new executive. It is also possible that he will remain on the board of directors or take another position in the company, the publication writes.
Who will replace Eiger
According to WSJ, the media holding company's board of directors is scheduled to meet next week at the company's headquarters in Burbank, California, where it is expected to vote on a new head of the company. Among the candidates now being considered for the Disney CEO chair are Josh D'Amaro, who heads Experiences (includes theme parks, consumer products and video games), and Dana Walden, co-chairman of entertainment and an experienced television executive, WSJ writes. As previously reported by the publication, both candidates presented their strategies for Disney in August. According to many interlocutors WSJ, D'Amaro is considered the favorite.
In February 2020, Iger stepped down as Disney CEO for the first time after 15 years, handing the helm to Bob Chapek, who headed the theme park business and was considered his right-hand man. Iger then remained with the company in the role of chairman of the board. However, in November 2022, the board fired Chapek and Iger returned to the helm of the company.
What about the stock
Quotes of Disney in extended trading on January 30 rose by an insignificant 0.06%. The main session ended with an increase of 1.09% - to $112.8.
The value of securities in January practically did not change: they lost 0.85% of their value. At that, analysts mostly advise to buy securities: they have a total of 25 ratings of Buy and Overweight, MarketWatch shows. Seven also recommend Hold, and one recommends Sell.
This article was AI-translated and verified by a human editor
