Morgan Stanley executive James P. Gorman will chair the succession planning committee tasked with finding and vetting Walt Disney Co.’s next chief executive, the company said Wednesday.
Gorman, who joined Disney’s board of directors earlier this year, has previous experience in succession planning and chaired the process at Morgan Stanley, Disney said in a statement. He currently serves as Morgan Stanley’s executive chairman, though he will leave that role in December. “Succession planning is a top priority of the Board,” Disney board chairman Mark Parker said in a statement.
“I am eager to continue collaborating with James on the Committee as we advance the important work we have already been doing to identify and prepare the next CEO of The Walt Disney Company.” In addition to Gorman, the committee members include Parker, who most recently served as its chair, General Motors Chief Executive Mary Barra and Lululemon Chief Executive Calvin McDonald. Succession planning is a key priority for the Burbank media and entertainment company.
Current Chief Executive Bob Iger returned to run the company in 2022 after his hand-picked successor, Bob Chapek, was bounced from the role after nearly three years at the helm. Iger agreed to serve a two-year stint to focus on growth and to find the next long-term leader of the company. Succession planning also became a sticking point in activist investor Nelson Peltz’s failed proxy campaign earlier this year against Disney.
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