Disney Leadership Changes: Bob Iger Steps Down as CEO, Josh D'Amaro Takes Over

Bob Iger resigned as CEO, and Josh D'Amaro took over as the new CEO of Disney. Debra O'Connell's new role as Chairman of Disney Entertainment Television includes Craig Erwich under her direct supervision. A Disney reorganization was announced, but the specifics are unclear.

Walt Disney Company announced a historic leadership transition on February 3, 2026, with Bob Iger stepping down as CEO effective March 18, 2026, passing the reins to Josh D'Amaro. D'Amaro, a 27-year Disney veteran who most recently served as Chairman of Disney Experiences overseeing 12 theme parks, 57 resorts, and the Disney Cruise Line, brings deep operational expertise to the role. Iger will remain as Senior Advisor and board member until December 31, 2026.

The transition comes alongside a broader corporate reorganization. Dana Walden has been appointed President and Chief Creative Officer of Disney Entertainment, a newly created role, while Thomas Mazloum succeeds D'Amaro as Chairman of Disney Experiences. Debra O'Connell has been promoted to Chairman of Disney Entertainment Television, overseeing ABC News, ABC Entertainment, Hulu Originals, and National Geographic Content, with Craig Erwich among her direct reports.

DIS shares fell approximately 7% in the week following the announcement, reflecting investor uncertainty about the transition. Under Iger's recent tenure, Disney stock gained just 7% versus a 76.6% rise in the S&P 500, though the Experiences division — D'Amaro's domain — contributed 71.9% of Q1 FY2026 operating income with 33.1% margins. The market will be watching closely to see whether D'Amaro can translate his parks success into broader company growth.