James Gorman to Lead Disney as Chairman Amid Leadership Transition

James Gorman, a Morgan Stanley executive, will become the chairman of The Walt Disney Co., succeeding Mark Parker. His chairmanship will start on January 2, 2025, as Disney prepares for a leadership transition, with a new CEO expected to be named in early 2026.

The Walt Disney Co. has announced that Morgan Stanley executive James Gorman will take over as its next chairman, effective early next year. The move is part of a broader leadership strategy which includes naming a new CEO by early 2026.

Gorman will officially assume the chairman role on January 2, 2025. He will replace Mark Parker, who is stepping down after nine years of service on Disney's board.

Currently heading Disney's succession planning committee, Gorman also holds the position of executive chairman at Morgan Stanley, a role he is set to leave by year-end. Disney CEO Bob Iger stated that the board has greatly benefited from Gorman's expertise and expressed confidence in his upcoming chairmanship.

(With inputs from agencies.)