NEW YORK (Reuters) - Hedge fund manager Nelson Peltz, who lost a bruising boardroom challenge at Walt Disney ( DIS ) this year, is confident the company's new board chairman will find a 'respectable CEO' to replace Bob Iger.

Peltz called James Gorman, a former Morgan Stanley chief who was recently named Disney ( DIS ) board's chairman, a "good man" and expressed confidence Gorman will run a thorough search process and solve the company's succession planning problems.