Disney's New CEO: A Parks Man Takes the Helm

Josh D'Amaro will assume the role of CEO of The Walt Disney Co. on March 18, succeeding Bob Iger. D'Amaro, previously chairman of Disney Experiences, brings a strong performance from his division, which exceeded $10 billion in revenue and accounted for 71% of Disney's operating income. His leadership style is characterized by a personal connection with employees and a detailed approach to operations.

D'Amaro's tenure at Disney Experiences highlights significant growth, especially noted during the COVID-19 pandemic where he demonstrated empathetic leadership during mass layoffs. His division's success contrasts with declines in other sectors of the company, positioning him to lead Disney through evolving industry challenges.

As CEO, D'Amaro faces the complex task of managing the decline of cable revenue while growing streaming services. He also needs to revitalize key franchises like Marvel and Star Wars, which analysts suggest are currently underperforming. His strategic moves, including a stake in Epic Games, signal a focus on new ventures.

He is known for his ability to connect with people, a trait often referred to as 'the Josh Effect.' D'Amaro's approach emphasizes embracing technology and creativity, aiming to reposition Disney at the center of cultural influence. His leadership transition is seen by many as a positive step for the company's future.