Disney has announced a significant shift in its leadership, naming James Gorman as the new Chairman of the Board, effective January 2. The company is preparing for a transition as it plans to reveal the successor to current CEO Bob Iger by early 2026. This move comes amid ongoing changes within the organization, as Disney seeks to navigate its future direction with new executive leadership. Gorman, formerly the CEO of Morgan Stanley, is expected to play a crucial role in the upcoming CEO selection process.