The decision to select D'Amaro came almost four years after Bob Iger returned as chairman of the board. In 2022, Iger was tasked with restructuring and cutting costs to improve the company's financial situation. Therefore, in 2023 the giant reduced 7,000. full-time positions.
In 2023, Disney established a special committee for the planned takeover of control of the company, which was to analyze and evaluate candidates for Iger's successor. The choice fell on D'Amaro, who has been with the company since 1998 and has gained experience in various positions over the years, including: in finance, marketing or business strategy.
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James Gorman, chairman of Disney's supervisory board, assured in an interview with CNBC that this time the transfer of power will take place calmly and without confusion, unlike the previous change in the position of the head of the management board.
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D'Amaro is currently responsible for Disney theme parks and several dozen hotels owned by the company. He previously served as president of Walt Disney World Resort. He led the development of theme parks, cruises and hotels and was responsible for the Disney licensing segment, including cooperation with Epic Games.
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In a statement, Iger said that D'Amaro has an “exceptional sense of the Disney brand” and “a perfect understanding of the audience's needs.” The company said that Dana Walden, co-chairman of Disney Entertainment, will assume the position of president and creative director on March 18.
Disney achieves annual revenues of $36 billion. and employs approx. 185 thousand. people around the world – notes CBS News.
