Disney Board Member James Gorman To Chair Succession Planning Committee As Search To Replace Bob Iger Heats Up
deadline.comAs expected, Disney’s board has named director James P. Gorman to chair its Succession Planning Committee as the search for an executive to follow Bob Iger as CEO starts to heat up.
Gorman joined the Disney Board earlier this year after having overseen a recent succession process at Morgan Stanley, where he serves as executive chairman following several years as the financial giant’s chairman and CEO.
Given that background, it was pretty clear that he would be tapped at Disney to do the same. “James is a highly respected leader, and we’ve asked him to serve as the new Chair of the Succession Planning Committee given his deep succession planning experience and long-term strategic mentality,” said Mark Parker, chairman of the Disney board who was previously head of the Succession Committee. “Succession planning is a top priority of the Board, and I am eager to continue collaborating with James on the Committee as we advance the important work we have already been doing to identify and prepare the next CEO of The Walt Disney Company,” Parker added.
In addition to Gorman and Parker, directors Mary T. Barra and Calvin R. McDonald will continue to serve on the Committee. All members of the Committee have direct experience in CEO and senior leadership succession planning for Fortune 500 companies. “I look forward to working alongside Mark and my other fellow Committee members in advising the Board as we continue to press forward expeditiously with this work,” said Gorman.
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