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Morgan Stanley's Gorman named new Disney Chair

Business Standard

|

October 22, 2024

New CEO to be announced early 2026

Morgan Stanley's Gorman named new Disney Chair

Walt Disney on Monday named Morgan Stanley veteran James Gorman (pictured) as chairman and said it would announce a new CEO to replace Bob Iger in early 2026, setting the stage for succession at the storied media and entertainment company.

Gorman will step down as executive chairman of Morgan Stanley at the end of 2024 and take on the position at Disney in January. He had served as CEO of the Wall Street bank for 14 years and is credited with transforming the bank into a wealth management powerhouse.

Gorman had orchestrated a CEO succession plan in which Ted Pick took the reins at the same time as retaining the two other candidates, executives Andy Saperstein and Dan Simkowitz, a rarity on Wall Street.

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time to read

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Niti suggests ₹13K cr schemes for MSME decarbonisation

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time to read

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Dr Reddy’s profit down 14% on low Lenalidomide US sales

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time to read

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Matter to unveil 2 new e-mobikes in 2 years

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time to read

1 min

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India flags ‘huge mountain of debt’ in developed nations as matter of concern

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time to read

2 mins

January 22, 2026

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Water ‘bankruptcy' era has begun for billions, say scientists

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time to read

2 mins

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EU 'fully prepared' to hit back over Trump's Greenland tariffs, threats

The European Union (EU) is ready to strike back at US President Donald Trump over his tariff threats as he seeks to take Greenland, European Commission President Ursula von der Leyen said, toughening her rhetoric against the US president.

time to read

3 mins

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