October 21, 2024 – 8:26 AM PDT
(Reuters) – Walt Disney (DIS.N) named Morgan Stanley (MS.N) veteran James Gorman as chair on Monday and said it would announce a replacement for CEO Bob Iger in early 2026, announcing for the first time a timetable for succession at the storied media and entertainment company.
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Gorman will step down as executive chair of Morgan Stanley at the end of 2024 and take on the position at Disney in January. He had served as CEO of the Wall Street bank for 14 years and is credited with transforming it into a wealth management powerhouse.
Gorman had orchestrated a CEO succession plan in which Ted Pick took the reins at Morgan Stanley, even as it retained the two other candidates,…
