Disney has named Josh D’Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race at the Mouse House. Investors, industry insiders and onlookers have long awaited the announcement of who will take over as the next leader of one of the most storied U.S. companies. The appointment marks the second time in six years that Disney has selected a successor to Iger — his previous pick in parks boss Bob Chapek devolved into a public spectacle of corporate governance that saw Iger reclaim the CEO spot and restart the clock on retirement.

D’Amaro’s appointment will be effective as of March 18 at Disney’s annual meeting. Iger will serve as a senior advisor and Disney board member until he retires from the company on Dec. 31. “Josh D’Amaro is an exceptional leader and the right person to become our next CEO,” Iger said in a statement. “He has an instinctive appreciation of the Disney brand, and a deep understanding of what resonates with our audiences, paired with the rigor and attention to detail required to deliver some of our most ambitious projects. His ability to combine creativity with operational excellence is exemplary and I am thrilled for Josh and the company.”

MORE HERE