Walt Disney has named Josh D'Amaro, the head of its amusement park business, as its new chief executive.
D'Amaro, a 28-year veteran of the company, will replace current boss Bob Iger. He is due to start in the new role on 18 March.
In selecting D'Amaro, Disney has turned to the leader of the part of its business that has delivered the most reliable profits in recent years, as the company works to find its way in the world of streaming.
The decision ends a succession puzzle for the entertainment giant, which Iger has led for roughly two decades, except for a brief interlude that ended in 2022 when the board ousted his successor and asked Iger to return.
Iger quickly set about restructuring the firm, aiming to tackle ballooning expenses in the streaming and film business, regain momentum for sports-focused ESPN and expand its parks and cruise lines.
