Disney announces when it will replace CEO Bob Iger

The Walt Disney Co. isn't prepared to say who will succeed CEO Bob Iger, but the entertainment giant is at least indicating when it will announce who is to replace the company's respected chief executive. 

Disney said Monday it will disclose Iger's replacement in early 2026.

Relatedly, Disney's board of directors also named Morgan Stanley executive chairman and former CEO James Gorman its new board chairman, effective January 2, 2025. Gorman will step down at Morgan Stanley before assuming his new duties as Disney's  chairman. He will replace Mark Parker, executive chairman of Nike.