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Iger Exits Disney Board: A Clean Break for D'Amaro?
4 Feb
Summary
- Bob Iger is stepping down from Disney's executive committee on March 18.
- Bob D'Amaro will assume CEO duties, with James Gorman as chairman.
- D'Amaro's compensation package is valued at approximately $44.7 million.
Bob Iger is set to leave Disney's board of directors following the annual shareholder meeting on March 18, 2026, transitioning to an advisory capacity until year-end. This move signifies a deliberate effort to ensure a 'clean break' for his successor.
Bob D'Amaro will assume the CEO position, with James Gorman appointed as the new chairman of the board. This leadership structure is designed to facilitate an orderly succession, allowing D'Amaro the autonomy to lead and innovate.
D'Amaro's compensation package includes a base salary of $2.5 million, a target annual bonus of $6.25 million, and long-term awards totaling $26.25 million, along with a one-time bonus of $9.7 million, making his total grant date value approximately $44.7 million.
Dana Walden has also been appointed president and chief creative officer, bringing creative expertise to complement D'Amaro's financial background, ensuring a balanced leadership approach for the company's future. Walden's compensation package is valued at around $32.26 million.
