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Disney Searching for New CEO

In November of 2022, Bob Iger returned as CEO, replacing Bob Chapek after just 11 months of being away from Disney. At the time, it was said that Bob Iger would only be in the role for a limited amount of time. Now, Disney is officially starting the hunt for a new CEO.

To find the new CEO, Disney has hired James P. Gorman to oversee the search. Recently, Gorman oversaw the succession process at Morgan Stanley.

“James is a highly respected leader, and we’ve asked him to serve as the new Chair of the Succession Planning Committee given his deep succession planning experience and long-term strategic mentality,” said Parker, who most recently served as the Committee’s Chair. “Succession planning is a top priority of the Board, and I am eager to continue collaborating with James on the Committee as we advance the important work we have already been doing to identify and prepare the next CEO of The Walt Disney Company.”

Gorman will lead a committee that will include Disney’s directors Mary T. Barra and Calvin R. McDonald. All members of this new committee to find someone to replace the Disney CEO have direct experience in CEO and senior leadership succession planning for Fortune 500 companies.

Chick-fil-A to launch streaming service

Chick-Fil-A is expanding its horizons beyond the kitchen and into the world of entertainment. The popular fast-food chain is gearing up to launch its own streaming platform, filled with original content designed to appeal to families.

According to Deadline, citing industry sources, Chick-Fil-A has been collaborating with prominent production companies to develop a slate of unscripted shows. In addition, the company is actively exploring licensing and acquisition deals to further bolster its content library.

No word on when the streaming service will launch.

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