The compensation breaks down into an annual base salary of $2.5 million as well as a one-time award of $9.75 million upon taking the new role.
In addition, per his new contract, for each year D’Amaro serves as CEO he is set to receive a long-term stock incentive of $26.2 million. Each year, he is eligible to receive an annual bonus of 250 percent of his base salary, provided he meets certain performance goals.
D’Amaro, the chairman of the company’s experiences division, is set to take over as CEO starting March 18. Dana Walden, co-chair of Disney Entertainment, who had also been seen as in the running for the job, will be elevated to president and chief creative officer of Disney, where she will be responsible for Disney Entertainment, Hulu, Disney + and marketing,…
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