Walt Disney Co is in the process of expanding its search for a successor to CEO Bob Iger, with the company's board, led by future Chairman James Gorman, shifting from internal competition to considering external candidates. The Wall Street Journal has reported that the search now includes evaluating individuals such as Andrew Wilson, the current CEO of Electronic Arts Inc, with the assistance of executive search firm Heidrick & Struggles.
This decision to explore external candidates comes as James Gorman prepares to take over as Chairman in January and emphasizes the importance of a thorough review to secure the right leader to lead Disney beyond Iger's term. The company has adjusted its timeline, aiming to finalize its CEO selection by early 2026. Andrew Wilson, who has a history of discussions with Disney and previously interviewed for a senior role at ESPN, stands out as a strong external contender in the search process.
Internally, Disney had previously considered four key executives - Dana Walden, Alan Bergman, Josh D’Amaro, and Jimmy Pitaro - for the CEO position, representing various key aspects of Disney's operations from streaming to theme parks. Furthermore, recent talks have hinted at potential partnerships between Electronic Arts and Disney's ESPN, though no concrete deals have materialized yet. Additionally, amid recent challenges, such as layoffs and the evolving political landscape post the U.S. presidential election, Disney's stock has experienced some fluctuations, with investor interest remaining notable.