Disney Taps Parks Chief Josh D’Amaro to Succeed Iger as CEO (3)

Walt Disney Co. said Josh D’Amaro will succeed Bob Iger as chief executive officer of the entertainment giant, passing the reins at a key moment in the company’s history and after struggles to find a new leader in the past.

D’Amaro, a 28-year-veteran of Disney, will succeed Iger effective March 18, the Burbank, California-based company said Tuesday in a statement. Iger will stay on the board and serve as a senior adviser until his retirement on Dec. 31.

WATCH: Disney Chairman James Gorman says Josh D’Amaro beat out over 100 other candidates to be named the next CEO.

Source: Bloomberg

The leadership change comes at a critical time for the century-old company as it makes a transition from traditional TV ...