Walt Disney names Morgan Stanley’s James Gorman to succession planning committee, tasked to lead CEO search

Media and entertainment conglomerate Walt Disney has named board member and Morgan Stanley executive chairman James Gorman as head of its succession planning committee, which is seeking a replacement to longtime CEO Bob Iger, Reuters reported.

Gorman was named chair of the committee on August 21, it added.

The development comes as the MNC won a long fought proxy war with activist and investor Nelson Peltz, who criticised the succession planning and posited that Disney’s performance in the streaming-television sector was poor, the report said.