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Disney CEO Bob Iger Plans Early Departure
Iger to step down before contract expires at year-end, board to vote on successor
Jan. 30, 2026 at 5:55pm
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Disney CEO Bob Iger has reportedly told close associates that he plans to step down from his post before his contract expires at the end of the year. The Disney board is set to meet next week to vote on Iger's replacement, with entertainment co-chair Dana Walden and experiences chairman Josh D'Amaro considered top candidates. Iger's departure will mark a major shakeup for the company, as he played a key role in Disney's transformative acquisitions of Pixar, Marvel, Lucasfilm, and 21st Century Fox.
Why it matters
Iger's departure comes as Disney navigates a challenging media landscape, with streaming wars, theme park recovery, and other industry shifts. The choice of his successor will be crucial in determining the company's future direction and strategy.
The details
Iger, 74, has reportedly told allies that his decision was motivated in part by frustration over feuds that arose at Disney-owned ABC over the decision to suspend late night host Jimmy Kimmel last year. Iger also said he wanted to move on from the grind of being CEO and focus on other interests, including spending more time with his wife, managing his women's pro soccer team, and sailing on his newly acquired superyacht.
- Iger's contract was set to expire at the end of 2026.
- Disney's board is planning to meet next week to vote on Iger's successor.
The players
Bob Iger
The current CEO of Disney, who has played a key role in the company's major acquisitions and transformations during his tenure.
Dana Walden
The co-chair of Disney's entertainment division, considered a top candidate to succeed Iger as CEO.
Josh D'Amaro
The chairman of Disney's experiences division, which oversees the company's theme parks and consumer products, also considered a top contender for the CEO role.
James Gorman
The chairman of Disney's board of directors, who is leading the search for Iger's successor.
Bob Chapek
Iger's hand-picked successor as Disney CEO, who was forced out by the board in 2022, leading to Iger's return.
What’s next
Disney's board is set to meet next week to vote on Iger's successor, with entertainment co-chair Dana Walden and experiences chairman Josh D'Amaro considered the top candidates.
The takeaway
Iger's departure marks a significant transition for Disney as the company navigates a rapidly evolving media landscape. The choice of his successor will be crucial in determining the company's future direction and strategy.
