Bob Iger officially stepped down as Disney's CEO at the company's virtual 2026 shareholders meeting, marking the end of his second run and a protracted succession process. Josh D'Amaro, formerly Head of Parks, Cruises, and Consumer Products, has taken over the role, with Dana Walden appointed as Disney’s first Chief Creative Officer overseeing film and TV operations. Iger, who returned as CEO in November 2022 after Bob Chapek's ousting, emphasized his belief in D'Amaro and his team's ability to lead the company forward, stating he would be "cheering on" their success.
Iger's farewell address reflected on his unexpected journey, acknowledging the significant changes and challenges Disney faced, particularly during his second tenure. He highlighted his efforts to restore confidence in the company and expressed optimism for its future under D'Amaro's leadership. Iger, despite officially leaving the CEO position, will continue to serve Disney as a "senior adviser" to D'Amaro through the end of 2026 and was reelected to the board for a one-year term. Shareholders also approved the recommended slate of directors and the executive compensation plan.
Iger's legacy is marked by major M&A deals and steering Disney into the streaming era, though his initial succession plan with Bob Chapek in 2020 was ultimately deemed mishandled. Despite this, Iger is credited with stabilizing the company, bringing the streaming business to profitability, and overseeing a significant rebound in the Disney Experiences division. The company plans a $60 billion investment in experiences. Iger and D'Amaro share the same birthday, February 10, a notable coincidence as D'Amaro, at 55, takes the helm from the 75-year-old Iger.
Analysts generally view Iger as leaving the company in good shape, not in a "crisis situation." While Disney's stock (closing at $98.66/share on March 17, 2026) has not seen substantial growth since Iger's 2022 return and significantly lags Netflix's market capitalization, the company has achieved streaming profitability and strong performance in its parks business. D'Amaro expressed his commitment to world-class creativity, enhanced by technology, to deliver unforgettable stories and maintain Disney's unique position in the entertainment industry.
In addition to his advisory role at Disney, Iger, along with his wife Willow Bay, became majority owners of Angel City FC, a women's professional soccer team, in 2024, signaling his continued involvement outside of his primary corporate leadership roles.
