Disney and D’Amaro have said very little about how he plans to lead the company, and today’s shareholder meeting could offer a first glimpse into the company’s direction at a pivotal moment for the media industry.
“There is always pressure on the new CEO when the old CEO is there to not make any sudden moves, and to carry on the CEO’s legacy,” said Leblanc. In contrast, when the old CEO moves on, “they exit the company so that the new CEO can find their way and implement change without feeling as though someone is looking over their shoulder.”
D’Amaro will have to fill Iger’s legendary shoes after a nearly two-decade tenure that included the acquisition of the company’s most iconic brands, including Pixar in 2006, Marvel Entertainment in 2009, and Lucasfilm in 2012. Disney has also made major investments in its theme parks and plans to open a new theme park and resort in Abu Dhabi.
The incoming CEO is well-positioned to lead the company’s growth. Under D’Amaro, Disney’s parks and experiences have become the company’s primary profit engine, accounting for more than 70% of operating income despite representing under 40% of total revenue. Streaming is the other major growth driver for the company, following consecutive quarters of profitability.
