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business21h ago
Disney CFO Talks Smooth Succession With Josh D’Amaro Set To Step Up, “Minimum Drama … People Are Excited”
- Disney CFO Hugh Johnston praised the board for a thorough, smooth leadership transition with minimal drama.
- Josh D’Amaro is set to become Disney’s CEO, with Dana Walden as President and Chief Creative Officer.
- Johnston emphasized no need for substantive mergers and acquisitions as Disney leverages existing IP.
- D’Amaro’s leadership transition is part of broader media coverage following Disney’s leadership and a major merger in the industry.
- Johnston highlighted Disney’s successful leadership history with prior acquisitions shaping its IP library.
- Disney’s CEO succession aimed to be low-drama and well-managed in contrast to past leadership changes.
- The comments came as Disney positions its strategy around product and IP development rather than large-scale M&A.
- The leadership lineup aims to maintain continuity across Disney’s businesses while minimizing disruption.
- Disney’s shareholder meeting will finalize D’Amaro’s official CEO appointment later this year.
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