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Morgan Stanley's Gorman named new Disney Chair
Business Standard
|October 22, 2024
New CEO to be announced early 2026
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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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