The Walt Disney Company has officially named Josh D’Amaro as its new Chief Executive Officer, effective March 18, 2026, succeeding Bob Iger. The appointment, announced on Tuesday, February 3, 2026, comes with a substantial compensation package totaling approximately $38 million, solidifying D’Amaro’s position at the helm of the entertainment giant.
D’Amaro, who has been with the Disney organization since 1998, currently leads Disney’s theme park division. His promotion marks a significant transition for the company, as Iger steps into the role of senior advisor and will remain on the board of directors until December 31, 2026, after which he will fully retire.
The financial details of D’Amaro’s deal, as outlined in filings with the Securities and Exchange Commission (SEC), reveal a base annual salary of $2.5 million. He is also eligible for an annual performance-based bonus equal to 250% of his base salary, contingent upon meeting specific performance goals. A one-time bonus of $9.75 million will be awarded upon assuming the CEO position.
Beyond the immediate financial incentives, D’Amaro will receive long-term stock incentives valued at $26.2 million each fiscal year he serves as CEO. This comprehensive package underscores the board’s confidence in his ability to lead Disney forward.
The leadership shift also includes a significant compensation package for Dana Walden, who has been appointed President and Chief Creative Officer. Walden’s contract, extending through March 17, 2030, includes an annual base salary of $3.75 million, a one-time award of $5.26 million, and annual stock grants valued at $15.75 million. She is also eligible for a bonus of up to 200% of her base salary, as well as a performance-based bonus tied to the success of Disney originals.
The announcement of D’Amaro’s appointment has already had a positive impact on the company’s stock price, with shares rising 1.2% in pre-market trading on Wall Street as of 3:00 PM Norwegian time on February 3, 2026. Disney currently holds a market capitalization of approximately $185.2 billion, equivalent to roughly 1.7956 trillion Norwegian kroner.
Disney’s board of directors, led by chairperson James Gorman, expressed strong support for D’Amaro’s appointment, citing his “rare combination of inspiring leadership and innovation.” Gorman also highlighted D’Amaro’s “sharp eye for strategic growth opportunities and a deep passion for the Disney brand and its employees.”
D’Amaro is widely regarded as popular among Disney employees, particularly at the park level, suggesting a smooth transition and continued positive morale within the company. His formal assumption of the CEO role is scheduled for March 18, 2026.
The changes in leadership come as Disney navigates a rapidly evolving entertainment landscape, facing increasing competition from streaming services and shifting consumer preferences. D’Amaro’s experience in the theme park division, a consistently strong performer for Disney, suggests a focus on operational excellence and customer experience as he takes the reins.
Walden’s role as President and Chief Creative Officer will be crucial in maintaining Disney’s creative output across its various platforms, including film, television, and streaming. Her contract’s long-term duration signals a commitment to stability and a clear vision for the company’s creative future.
The transition plan, with Iger remaining as senior advisor until the end of 2026, provides a period of overlap and mentorship, ensuring a seamless handover of responsibilities and institutional knowledge. This phased approach aims to minimize disruption and maintain continuity as Disney enters a new chapter under D’Amaro’s leadership.
