The Walt Disney Company just announced that Josh D’Amaro, 54, will assume the position of CEO on March 18, thus closing almost three years of speculation about who would succeed Robert A. Iger. The board of directors voted unanimously in his favor, appointing the 28-year veteran to the company he currently leads. Disney Experiencesthe division that generated 36 billion dollars during fiscal year 2025 and contributes approximately 60% of corporate profits.
The experience. D’Amaro comes to the position with deep experience in the physical operation of the Disney business (logistics, hotel management, multimodal transportation systems, customer satisfaction) but without significant experience in the film or television production that has historically defined the company. It is a commitment to profitability over glamour.
Since 1998. D’Amaro’s career at Disney began in 1998 in Disneyland Resort. For more than a quarter of a century, he rose through various positions: CFO of consumer product licensing, overseer of the most ambitious expansion in the history of Disney’s Animal Kingdom (which included the attraction Pandora – The World of Avatar), president of Disneyland Resort in California and, finally, president of Walt Disney World in Florida, where he coordinated 75,000 employees.
The Chapek stage. When Bob Chapek was promoted to CEO in 2020D’Amaro assumed his position at the helm of what was then called Disney Parks, Experiences and Products. The division, renamed Disney Experiencesjust reported quarterly revenue exceeding $10 billion for the first time in the company’s century-old history. With 185,000 employees worldwide, it operates twelve theme parks, 57 resort hotels, an expanding fleet of cruise ships and the consumer products business, including video games.
Bet on experience. Disney Experiences generated 71% of the company’s operating income during the fiscal first quarter of 2026, despite representing only 38% of total revenue. While streaming barely broke even in 2024 after years of multibillion-dollar losses, theme parks maintained solid margins even during the pandemic. In 2023, Disney announced a plan to invest 60 billion dollars in a decade to expand this division.
Turn towards the experiential. This shift responds to broader transformations in cultural consumption, not just at Disney. He theme park tourism grew at a compound annual rate of 9.2% between 2020 and 2024, driven by a generational preference for experiences over material possessions, something we have already talked about with the live entertainment boom. A theme park offers something that streaming can’t replicate, and Disney knows it.
What’s up with Dana Walden. The other candidate for the CEO chair has been named president and creative director, becoming the first executive to hold this position in Disney’s 103-year history. The position unifies the company’s creative strategy under one leadership. From ABC and ESPN to Disney+ and Hulu, everything falls under Walden’s mandate, who will report directly to D’Amaro.
With more than three decades in the television industry, Walden spent 25 years at 21st Century Fox, where as CEO of Fox Television Group he transformed the network into a ratings leader. Under his supervision, series such as ’24’, ‘Glee’, ‘Modern Family’, ‘This Is Us’, ‘Homeland’ were produced… When Disney acquired Fox in 2019Walden became head of Disney Television Studios and later, co-president of Disney Entertainment. The teams under his direction have accumulated more than 1,200 awards, including 400 Emmys, and recent series such as ‘The Bear’, ‘Shōgun’ or ‘Only Murders in the Building’ have consolidated Disney’s prestige on television.
Immediate challenges. D’Amaro will need to quickly articulate a strategic vision that balances continued investment in parks (where his expertise lies) with strengthening the entertainment business. Streaming, although now profitable, shows some stagnation. And then there is the precedent of Bob Chapekalso hailing from the parks division, who lasted just two years before being ousted amid public conflicts with Iger. This time the consensus has been greater, but… is it what Disney needs?
Header | Disney – Matt H. Wade
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