Disney (DIS) announced that it will name CEO Bob Iger's replacement in early 2026; Iger's contract since returning as interim chief executive in November 2022 is set to expire at the end of 2026. The global entertainment company will also be appointing former Morgan Stanley (MS) CEO James Gorman as chairman in January 2025. Gorman was previously leading Disney's CEO succession planning committee and will step down from his executive chairman role at Morgan Stanley.

The Morning Brief's Madison Mills and Seana Smith discuss what this news means for Disney's direction under new leadership.

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This post was written by Luke Carberry Mogan.