Disney to announce next CEO in early 2026, names James Gorman as new chair

The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year. The entertainment giant also announced that it anticipates naming its new CEO in early 2026.

Gorman will become chairman on January 2, 2025. He will succeed Mark Parker, who is leaving after serving on Disney’s board for nine years.