Disney's New CEO Josh D'Amaro Now In Charge

Josh D'Amaro officially took over as chief executive of The Walt Disney Company at Wednesday’s annual shareholder meeting, stepping into leadership as the company faces major industry disruption and internal challenges.

Investors are looking for D’Amaro to outline a strategy for navigating the rise of artificial intelligence, increased competition from platforms like YouTube and TikTok, and potential impacts on tourism from geopolitical tensions and rising oil prices. He also inherits a declining television business and weakening box office performance from major franchises such as Marvel and Star Wars.

In a letter to employees, D’Amaro said storytelling and creative excellence will guide decision-making, while emphasizing technology adoption to enhance content creation and deliver more personalized experiences. He also stressed operating as “One Disney” during a time of rapid global change.

D’Amaro’s leadership of Disney’s theme parks division—responsible for 57% of the company’s $17.5 billion profit last year—helped secure his promotion. To strengthen leadership, Disney paired him with Dana Walden as president and chief content officer, combining his operational expertise with her creative background. Analysts say their partnership will be critical to the company’s success.

He follows Bob Chapek, another parks executive whose short tenure ended with the return of Bob Iger in 2022. Iger will remain on Disney’s board through the end of the year before retiring again.

According to Reuters, D’Amaro acknowledged the scale of change facing the company, writing that while the pace of transformation may feel daunting, it also presents an opportunity for Disney to evolve and grow.