Disney has named Josh D'Amaro, head of its theme parks and consumer products division, as CEO effective March 18, 2026, replacing Bob Iger after a lengthy succession process.
Disney has appointed Josh D'Amaro, the current head of its theme parks and consumer products division, as the company's new CEO, effective March 18, 2026. D'Amaro will replace Bob Iger, who has served as CEO since 2005 and briefly returned to the role in 2022 after a previous departure. The announcement comes after a more than two-year succession saga that has been closely watched by investors and industry observers.
D'Amaro joined Disney in 1998 and has risen through the ranks over the past 25 years. He has been instrumental in leading the company's theme park division, which has seen significant growth and innovation under his leadership. The division includes iconic properties such as Disneyland, Walt Disney World, and international parks in Paris, Tokyo, Hong Kong, and Shanghai.
In addition to his new role as CEO, D'Amaro will oversee the company's broader operations, including its streaming services, film studios, and consumer products. Dana Walden has been named president and chief creative officer of the company, further solidifying the leadership team.
The succession process has been a topic of intense speculation, particularly given Disney's recent challenges in the streaming market and broader entertainment industry. Iger's return in 2022 was initially seen as a stabilizing move, but the company has continued to face pressure from activist investors and changing consumer preferences.
Disney's board conducted an extensive search for Iger's successor, considering both internal and external candidates. D'Amaro's appointment reflects the board's confidence in his ability to lead the company through its next phase of growth and transformation.
Industry analysts note that D'Amaro's background in the theme parks division could bring a renewed focus on the company's experiential offerings, which have proven to be a reliable revenue stream even as other segments face challenges. His experience with consumer products also positions him well to drive innovation across Disney's various business units.
The transition comes at a critical time for Disney, as the company continues to invest heavily in its streaming platforms, including Disney+, Hulu, and ESPN+. The company is also navigating a rapidly evolving media landscape, with increasing competition from tech giants and changing consumer viewing habits.
Investors reacted positively to the news, with Disney's stock showing modest gains in after-hours trading. The market appears to view D'Amaro's appointment as a continuation of the strategic direction set by Iger, with a focus on leveraging Disney's iconic brands and franchises across multiple platforms.
As D'Amaro prepares to take the helm, he faces several key challenges, including:
- Continuing to grow Disney's streaming business while managing costs
- Navigating the evolving theatrical release window landscape
- Expanding the company's presence in international markets
- Addressing activist investor concerns about corporate governance and strategic direction
- Maintaining the company's creative output across its various studios and brands
The appointment of D'Amaro marks the end of a lengthy succession process that has been closely watched by the entertainment industry. His leadership will be crucial in determining Disney's trajectory in an increasingly competitive and rapidly changing media landscape.
For more information, visit Disney's official announcement.
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