A critical priority before us is to appoint a new CEO, which we now expect to announce in early 2026, Gorman said in a statement, adding that the timing would allow ample time for successful transition before the conclusion of Bob Iger's contract in 2026.
Iger had initially planned to stay for two years after coming out of retirement but agreed to extend his tenure through 2026.
Gorman's experience will come in handy at Disney, which was criticized by the activist investor Nelson Peltz for its mishandling of succession.
Iger's current contract with Disney will expire in 2026.
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