Disney parks chief Josh D’Amaro will take over for Bob Iger as CEO

Disney has named its parks chief Josh D’Amaro to succeed Bob Iger as the entertainment giant's top executive.

D’Amaro will become the 9th CEO in the more than 100-year-old company's history. He has overseen the company’s theme parks, cruises and resorts since 2020. The Experiences division has been a substantial moneymaker for Disney, with $36 billion in annual revenue in fiscal 2025 and 185,000 employees worldwide.

The 54-year-old takes over a time when Disney is flush with box-office hits like “Zootopia 2” and “Avatar: Fire and Ash” and its streaming business is strong. At the same time, Disney has seen a decline in foreign visitors to its domestic theme parks. Tourism to the U.S. has fallen overall during an aggressive immigration crack down by the Trump administration, as well as clashes with almost all of country's trading partners.

D'Amaro will be tasked with tapping into Disney's vast collection of intellectual property to help create successful movies and theme park additions, while also pushing for streaming growth and continuing to build up its sports business.

The decision on the next chief executive at Disney comes almost four years after the company's choice to replace Iger went disastrously, forcing Iger back into the job.

Only two years after stepping down as CEO, Iger returned to Disney in 2022 after a period of clashes, missteps and a weakening financial performance under his hand-picked successor, Bob Chapek.

Disney meticulously and methodically sought out its next CEO this time. The company created a succession planning committee in 2023, but the search began in earnest in 2024 when Disney enlisted James Gorman, who is currently Disney's chairman and previously served as Morgan Stanley's executive chairman, to lead the effort. That still gave it ample opportunity to vet candidates, as Iger agreed to a contract extension.

Disney said that Iger will continue to serve as a senior adviser and board member until his retirement from the company at the end of the year.

While external candidates were considered, it was widely expected that Disney would look internally for the next CEO. The advantage would be that Disney executives were already being mentored by Iger, and had extensive contact with the company’s 15 board members, of which Iger is a member.

Disney is unique in that its top executive must oversee a sprawling entertainment company with branches reaching in every direction, while also serving as an unusually public figure.

D’Amaro and Disney Entertainment Co-Chairman Dana Walden quickly emerged as the front-runners for the top job.

D’Amaro, who has been with Disney since 1998, has been leading the charge on Disney’s multiyear $60 billion investment into its cruise ships, resorts and theme parks. He also oversees Walt Disney Imagineering, which is in charge of the design and development of the company’s theme parks, resorts, cruise ships, and immersive experiences worldwide. In addition, D’Amaro has been leading Disney’s licensing business, which includes its partnership with Epic Games.

“Throughout this search process, Josh has demonstrated a strong vision for the company’s future and a deep understanding of the creative spirit that makes Disney unique in an ever-changing marketplace," Gorman said in prepared remarks. “He has an outstanding record of business achievement, collaborating with some of the biggest names in entertainment to bring their stories to life in our parks, showcasing the power of combining Disney storytelling with cutting-edge technology.”

In her most recent role as co-chairman of Disney Entertainment, Walden has helped oversee Disney’s streaming business, along with its entertainment media, news and content businesses. She joined Disney in 2019. Before that, Walden spent 25 years at 21st Century Fox and was CEO of Fox Television Group.

Walden will now step into the newly created role of president and chief creative officer of The Walt Disney Co. She will report to D'Amaro.

“I think if you think about what is the heart of the Disney company, it’s the creativity. It’s this amazing IP that’s been produced over decades, going back to Walt, and the storytelling that comes from that creativity. And I think Dana, working with Josh and ensuring that the best creativity permeates all of our businesses, is what we wanted,” Gorman said in an interview with CNBC.

There had been speculation that Disney might go the route of naming co-CEOs, a move that has started to become more popular with companies. Oracle and Spotify are among those who named co-CEOs in 2025.

D’Amaro and Walden's appointments are effective on March 18.

Video screens above trading posts the floor of the New York Stock Exchange display a congratulatory message to Disney parks chief Josh D'Amaro named as its next CEO, succeeding Bob Iger, Tuesday, Feb. 3, 2026. (AP Photo/Richard Drew)

The logo for The Walt Disney Company is displayed above a trading post on the floor of the New York Stock Exchange, Monday, Feb. 2, 2026. (AP Photo/Richard Drew)

Workers dock The Disney Adventure cruise ship at the Agua Clara locks of the Panama Canal in Colon, Panama, Monday, Feb. 2, 2026. (AP Photo/Matias Delacroix)

FILE - A Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass, Nov. 13, 2019. AP Photo/Steven Senne, File)

FILE - Disney CEO Bob Iger arrives at the premiere of "Avengers: Endgame" at the Los Angeles Convention Center on Monday, April 22, 2019. (Photo by Jordan Strauss/Invision/AP, File)

WASHINGTON (AP) — The Supreme Court sided Thursday with a Texas marijuana user who wants to legally own a gun, the latest in a line of firearm cases from a court that has expanded gun rights.

The justices, in a unanimous decision, sided with Ali Danial Hemani, who argued that a law barring guns from anyone who uses drugs illegally violates the Second Amendment. Hemani wasn’t charged with any other crimes or accused of using the weapon under the influence.

The decision is a loss for President Donald Trump’s Republican administration, which had defended the 1968 law despite arguing against other gun restrictions. The measure was also used in a case against Hunter Biden, who was convicted in Wilmington, Delaware, of buying a gun while addicted to cocaine in 2018. He was later pardoned by his father, then-President Joe Biden, a Democrat.

The opinion is the latest in a series of firearm cases to reach the Supreme Court since a landmark ruling expanding gun rights in 2022 led to a wave of challenges around the country.

Since then, the high court has upheld a law aimed at protecting victims of domestic violence and strict regulations on ghost gun kits but has struck down a ban on bump stocks, an accessory that enables rapid fire. The justices considered two firearm cases this term alone.

The legality and use of cannabis, meanwhile, has also shifted significantly in recent years. More than half of U.S. states have now legalized it broadly, and it’s gained widespread use for health purposes.

Recreational use remains illegal on a federal level, however, even after the Trump administration reclassified medical marijuana as a less-dangerous drug in April.

It’s rare to see standalone criminal charges filed against people accused of owning guns and using drugs. The charge is more often filed against people also accused of other crimes.

The case made for some unusual political alliances. The American Civil Liberties Union and the National Rifle Association both supported Hemani’s case, as did cannabis legalization groups like NORML. On the other side were gun safety groups like Everytown that usually oppose the Trump administration on Second Amendment issues.

Follow the AP’s coverage of the U.S. Supreme Court at https://apnews.com/hub/us-supreme-court.

FILE - The U.S. Supreme Court is seen, June 11, 2026, in Washington. (AP Photo/Mariam Zuhaib, File)