James Gorman emphasized the importance of appointing a new CEO, stating, "A critical priority before us is to appoint a new CEO, which we now expect to announce in early 2026." He noted that this timeline reflects the progress made by the Succession Planning Committee and aims for a smooth transition before Bob Iger’s contract ends in December 2026.
Bob Iger expressed gratitude for James Gorman’s leadership by saying, "The Disney Board has benefited tremendously from James Gorman's expertise and guidance, and we are lucky to have him as our next Chairman - particularly as the Board continues to move forward with the succession process." Iger acknowledged the valuable contributions of Mark Parker, the outgoing chairman, to the company and to him personally.
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