Disney CEO Bob Iger Steps Down, Josh D'Amaro Takes Over

Core Insights - The succession planning at Disney has been a prolonged process, with Bob Iger initially set to choose a successor but ultimately deciding to remain in his role for an extended period [1][2] - Bob Chapek was appointed CEO but faced challenges, including the pandemic, leading to his eventual replacement [2][3] - Josh D'Amaro, a long-time Disney employee with 28 years of experience, is now positioned as a key figure in the company's future [3] Company Performance - Disney's parks division has become the primary profit generator for the company, with consistent growth in profits at high single-digit to low double-digit percentages annually [7] - The parks and cruise ship operations have shown persistent cash flow, indicating a strong and stable revenue stream for Disney [8] - Disney's investment in international parks, such as the $5 billion investment in Shanghai, has proven successful and contributed to the company's global presence [9] Leadership and Strategy - Bob Iger has been recognized for his effective leadership, but there are discussions about the need for change in the company's direction [10] - The company has a history of significant acquisitions, including Marvel and Fox assets, which have contributed to its content creation capabilities [6]