08:53 AM EDT, 10/21/2024 (MT Newswires) -- The Walt Disney Company ( DIS ) board of directors named James P. Gorman as chairman, effective Jan. 2, 2025, the company said Monday.

Gorman is currently executive chairman at Morgan Stanley (MS) but will step down from that role on Dec. 31. At Disney ( DIS ), Gorman will succeed Mark G. Parker, who is leaving the board after nine years of service, Disney ( DIS ) said.

Gorman said Disney ( DIS ) expects to announce a new CEO in early 2026.

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