James Gorman's Leadership Role in Disney's CEO Selection Amidst Challenges
- Disney has appointed James Gorman of Morgan Stanley as chairman, effective January 2025.
- The appointment follows poor financial performance of sequels from the previous administration.
- Gorman's expertise is expected to help reorient Disney's strategy and improve its complex corporate structure.
In the United States, Disney has appointed James Gorman, the executive chairman of Morgan Stanley, as chairman of the board starting January 2025. This move comes as Disney navigates a tumultuous period following poor box office performances of sequels greenlit by former CEO Bob Chapek. Gorman's track record at Morgan Stanley includes a significant increase in revenue and effective succession planning, which Disney aims to leverage as it seeks to develop a new strategic direction. Current candidates for Disney’s next CEO include executives from within the company, yet the trend suggests that past successful CEOs emerged from outside the media industry. Moving forward, Gorman's ability to untangle Disney's complex corporate structure and enhance profitability in streaming and other divisions will be essential for revitalizing the company.