Disney initiates search for Bob Iger's successor amid leadership challenges

In 2022, Bob Iger returned to Disney after stepping down as CEO two years prior, amidst a series of conflicts and declining financial performance under his successor, Bob Chapek. Iger had been celebrated for his successful leadership over almost two decades, during which he made transformative acquisitions, including Pixar, Marvel, and Lucasfilm, and expanded the company's reach into key markets like China and India. His approach to integrating technology improved Disney's product accessibility. In 2023, as the company initiated its search for Iger’s successor, they established a succession planning committee led by James Gorman, highlighting the urgency of this leadership transition. The internal candidates for the role include notable figures such as Jimmy Pitaro, Josh D'Amaro, Alan Bergman, and Dana Walden, all of whom are being mentored by Iger. This diverse short list is seen as a crucial strategy, particularly as Disney considers the unique challenges presented by the intersections of parks, films, and streaming that Iger has navigated so adeptly throughout his tenure. Experts suggest that the internal candidates are gaining visibility and experience while Disney's broad search continues. The transition also comes at a time when the company faces challenges relating to its various segments and how they align under a new leadership structure, reinforcing the necessity for a leader who can effectively manage these competing priorities.