Disney shares dipped 1.5% on Tuesday after the company crowned Experiences chairman Josh D’Amaro as its next CEO and Entertainment co-chair Dana Walden as president and chief creative officer.
Iger, whose contract is set to expire at the end of 2026, will transition into the role of senior advisor and remain a board member, subject to the vote at Disney’s annual meeting on March 18. He will step down from the executive committee of the board after the annual meeting.
Disney stock, which is trading at around $102 per share as of Tuesday morning, has fallen 9.8% in the past month, 13.8% in the past six months, 9.7% in the past year and 43% in the past five years.
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‘ Some details of this article were extracted from the following source www.imdb.com ’
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