Morgan Stanley CEO James Gorman said Thursday that he’s gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger’s successor.
Gorman is set to step down as Morgan Stanley CEO Jan. 1. He will join Disney’s board in February.
Disney announced last month that Gorman was joining the company’s board. The announcement also included the appointment of former Sky TV boss Jeremy Darroch, beginning in January.
The move was seen as a way to hold off a disney-proxy-fight-is-over-nelson-peltz-says.html” title=”Disney proxy fight is over, Nelson Peltz says”>proxy fight by activist fund Trian and its chief, Nelson Peltz, although Trian voiced dissatisfaction with the appointments in a statement. Trian said it would push for Peltz and former Disney executive Jay Rasulo to join the board.
Gorman has won praise for how he managed the succession process at Morgan Stanley.
“Disney is forming a succession committee, which I’ll be joining,” Gorman told CNBC’s David Faber. “I don’t start as a director until February.” He added: “But I have an enormous…
2023-12-21 15:13:23
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