Disney names parks chief D'Amaro as CEO

Disney appointed 54-year-old D'Amaro to replace CEO Bob Iger, ending a long-running succession question; the company's Experiences division recorded $36 billion in revenue and about 185,000 employees in fiscal 2025.

Disney has appointed its parks chief D'Amaro to replace CEO Bob Iger. D'Amaro has overseen the company's theme parks, cruises and resorts since 2020. The Experiences division generated $36 billion in annual revenue in fiscal 2025 and employed about 185,000 people worldwide. The decision resolves a long-running succession dilemma after Iger, who has led the company for roughly 20 years, returned in 2022 when the board ousted his successor Bob Chapek. Key points: - D'Amaro has led the company's theme parks, cruises and resorts since 2020. - The Experiences division produced $36 billion in revenue in fiscal 2025 and had about 185,000 employees worldwide. - The appointment ends a succession dilemma for a company led by Iger for around 20 years, with a brief interlude that ended in 2022 when the board ousted Bob Chapek and asked Iger to return. - D'Amaro is reported as 54 years old. - The company recently had box office successes such as Zootopia 2 and Avatar: Fire and Ash, and its streaming services (Disney+, Hulu and ESPN+) began turning a profit in 2024 following price increases, ad-supported plans and growing subscriber demand. Summary: The appointment places the leader of Disney's Experiences division at the company's helm and brings a resolution to a long-running succession question. It comes as the Experiences unit showed strong revenue and streaming services began reporting profits. Undetermined at this time.