Disney Picks Gorman as New Board Chair; CEO Change in 2026

Disney has chosen James Gorman to be the company's next board chairman starting in January, replacing Mark Parker. This move comes as Disney prepares to find a new CEO to replace Bob Iger, who will step down in 2026. Gorman, who joined Disney's board less than a year ago, has been leading the succession planning committee and will continue this role."James Gorman's expertise has been invaluable to the Disney board. We're fortunate to have him as our next chairman, " said Iger in a statement. He also thanked Mark Parker for his nine years of service on the board. Parker is stepping down to focus more on his work at Nike, where Elliott Hill recently took over as CEO. Gorman's new role signals a significant change for Disney. As the company looks to the future, it's strategically planning for new leadership. This transition is important for Disney's growth and direction in the coming years.