Sources Reveal Disney Is Searching for Bob Iger’s Replacement Amidst Investor Drama

Bob Iger wearing a light gray cardigan stands next to a silhouette with a question mark on it, hinting at the potential Bob Iger replacement. They are in front of the detailed exterior of a spaceship, resembling the Millennium Falcon from Star Wars.
Credit: Disney

Big changes are coming at The Walt Disney Company…

There is no doubt that Bob Iger will be remembered as one of the most significant CEO’s in the history of The Walt Disney Company. During his time as CEO, Bob Iger has overseen some groundbreaking initiatives that have reshaped the landscape of entertainment. The acquisition of 21st Century Fox, for instance, has not only bolstered Disney’s vast media empire but has also allowed the company to further expand its already impressive portfolio of beloved franchises and intellectual properties.

This landmark deal has positioned Disney as a force to be reckoned with in the ever-evolving streaming industry. The acquisition solidified Disney’s position as a dominant force in the entertainment industry, granting them access to valuable intellectual property, including the beloved Marvel Studios and Star Wars franchises.

Since returning to the helm nearly a year ago, Iger has leaped back into action to try and sort out the company’s post-pandemic landscape. To keep this momentum going, his contract as CEO was even extended until 2026. However, this extension has not detoured Disney from looking into future plans for company leadership.

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Credit: Disney

Who Will Succeed Bob Iger?

Under Bob Iger’s guidance, Disney has experienced unprecedented growth and expansion, solidifying its position as a global powerhouse in the entertainment industry. With his visionary strategies and bold acquisitions, Iger has propelled the company to new heights, captivating audiences around the world.

While Iger will likely fulfill his contract and stay until 2022, company leaders are already looking further down the pipeline and discussing potential plans for his succession. Sources in the company revealed that they are currently “developing succession plans” for the company after 2026. This news comes at a very interesting time, considering the stock market drama that Disney has faced this week.

ValueAct Capital, a San Francisco-based investment firm, has recently acquired a significant stake in Walt Disney (DIS.N). According to sources familiar with the firm’s thinking, ValueAct Capital believes that there is substantial potential for the media and entertainment behemoth’s stock price to increase twofold.

This move by ValueAct Capital indicates a decisive vote of confidence in the leadership and future prospects of Disney. This big of an investment could also be something that Disney takes to heart when navigating the future of the company’s leadership as well.

Related: Is the Honeymoon Phase Over for Bob Iger? Investors Didn’t Hold Back

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Credit: Disney

What Will Disney’s Future Look Like?

ValueAct’s involvement in Disney has sparked curiosity and speculation within industry circles and among stakeholders. As an activist investment firm, ValueAct brings a unique perspective and a potential shift in the company’s direction. With their history of taking substantial positions in major corporations, their entrance into the Disney sphere signals a notable shift in the company’s dynamics.

Simultaneously, Disney finds itself grappling with the presence of Trian, a formidable force known for its expertise in shareholder activism. With Nelson Peltz at the helm, Trian has recently increased its share by over 400%. Their engagement with Disney raises questions about the future direction and strategic decisions that the company may undertake.

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Credit: nagi usano/ Flickr

As these developments unfold, all eyes are naturally on Disney CEO Bob Iger until a potential successor is announced.

About Eva Miller

Eva was born and raised in the beautiful state of Oregon but has since relocated and lives in New York City. Since she was young, Eva has loved to perform in musicals, especially Disney ones! Through performing, Disney’s music became the soundtrack of her childhood. Today, Eva loves to write about all the exciting happenings for the Walt Disney Company. In her free time, Eva loves to travel, spend time in nature, and go to Broadway shows. Her favorite Disney movie is 'Lilo and Stitch,' and her favorite Park is Disney's Animal Kingdom.