The Walt Disney Company has announced that James P. Gorman will take over as chairman of the board, starting January 2, 2025, succeeding Mark G. Parker, who has served for nine years.
Gorman, Morgan Stanley’s executive chairman, will step down on December 31, 2024. He also chairs the Disney Board’s succession planning committee, which is responsible for identifying and preparing the next CEO of The Walt Disney Company.
Mark G. Parker expressed his confidence in Gorman, stating, “James Gorman is an esteemed leader who has become an invaluable voice on the Disney board. I am extremely pleased that he has agreed to assume the role of chairman upon my departure.” Parker also thanked Bob Iger and his management team for their strong leadership.
In response, James Gorman stated, “I am honoured and humbled to have the opportunity to serve as Disney’s chairman at this important moment in the company’s history. In the short time I have had the opportunity to work with Mark, I have come to appreciate and deeply respect his authentic leadership, humility, and intelligence.”
Gorman also highlighted the priority of appointing a new CEO, which is expected to be announced in early 2026, allowing ample time for a successful transition.
