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Disney CEO Bob Iger To Reportedly Step Down Before Contract Ends, Board To Vote On Successor Next Week As Investors Await Q1 Results
Yahoo Finance· 2026-02-01 23:31
Core Insights - CEO Bob Iger plans to step down and reduce daily management responsibilities before his contract ends on December 31, with the board set to meet next week to vote on a successor [1][4] Group 1: Leadership Transition - Iger has expressed readiness to move on from the CEO role, citing frustrations with internal conflicts, particularly related to the suspension of late-night host Jimmy Kimmel [2] - After the announcement of his successor, Iger is expected to remain in the CEO position for several months to mentor the new leader and may retain a role on the board [3] - The board, led by former Morgan Stanley CEO James Gorman, aims to make a decision regarding the new CEO within the current quarter [7] Group 2: Potential Successors - Investors are focused on potential candidates for the CEO position, including Josh D'Amaro (theme-parks chief), Dana Walden, Alan Bergman (entertainment co-heads), and Jimmy Pitaro (ESPN head), with D'Amaro being viewed as the front-runner [6] Group 3: Historical Context - Iger previously stepped down in 2020, handing over to Bob Chapek, but returned as CEO in November 2022 after Chapek was ousted due to operational challenges during the pandemic [5] Group 4: Upcoming Financial Reporting - Disney is scheduled to report its first-quarter earnings for fiscal year 2026 on February 2, before markets open [8]