Disney signals its next CEO will take over a company with strong momentum

Core Insights - Disney is preparing for a leadership transition as CEO Bob Iger is set to name his successor, with the company positioned for growth and momentum [1][3] - Iger expressed pride in the company's achievements over the past three years and emphasized the importance of preparing for future opportunities [2][4] - The Disney board is expected to vote on the next CEO soon, with an announcement anticipated in the first quarter of the year [3] Financial Performance - Disney exceeded Wall Street expectations for revenue and earnings in its fiscal first quarter [4] - The experiences division, which includes theme parks, resorts, and cruises, achieved over $10 billion in quarterly revenue for the first time [5] Leadership Context - Iger returned as CEO in late 2022 after a previous succession plan with Bob Chapek failed, leading to significant changes being reversed [2] - Josh D'Amaro, chairman of Disney Experiences, is considered a frontrunner for the CEO position [5] Future Outlook - The company is focused on not only fixing past issues but also on creating opportunities for future growth [4]