Bob Iger Reportedly Planning to Step Down as Disney CEO Before Contract Expires
Bob Iger, the long-serving CEO of Disney, is rumored to be considering stepping down from his position before his contract expires at the end of 2026. According to a report by the Wall Street Journal, Iger has informed associates of his intention to “pull back from daily management” and transition out of the CEO role sooner than expected.
One of the reasons cited for Iger’s potential departure is his frustration with conflicts at ABC, a subsidiary of Disney, particularly related to the suspension of late-night host Jimmy Kimmel. The report suggests that Iger is ready to move on from the demands of being CEO and explore other interests outside of the company.
Disney’s board of directors is expected to announce Iger’s successor in early 2026. The board will convene at Disney’s headquarters next week to vote on the next CEO, with internal candidates undergoing a rigorous selection process that includes mentorship from Iger himself.
Leading contenders for the CEO position are believed to be Josh D’Amaro, chairman of Disney Experiences, and Dana Walden, co-chairman of Disney Entertainment. Both candidates have been actively involved in key areas of the company’s operations and are considered strong contenders for the role.
Aside from his corporate responsibilities, Iger has expressed a desire to focus on personal interests, such as sailing on his new superyacht and supporting his wife, Willow Bay, in her role as dean of the USC Annenberg School for Communication and Journalism. Additionally, Iger is involved in Angel City FC, a women’s soccer team that he and his wife purchased a stake in.
Iger’s tenure as Disney CEO has been marked by significant success, with the company experiencing growth and expansion under his leadership. His total compensation in 2025 was $45.8 million, reflecting his valuable contributions to the company’s performance.
As Iger considers his future plans, Disney shareholders will have the opportunity to vote on his reelection to the board at the upcoming annual meeting in March 2026. The meeting, scheduled to be held virtually, will provide an opportunity for shareholders to weigh in on the company’s leadership and direction.
With his deep knowledge of Disney and its creative content, as well as his expertise in technology and audience engagement, Iger has played a pivotal role in shaping the company’s success. As he prepares to potentially step down as CEO, the Disney community awaits the announcement of his successor and the next chapter in the company’s evolution.
