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Disney's Board Narrows CEO Search to CFO Adam Damari and COO Robert Walden

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  Published in Media and Entertainment on Tuesday, December 2nd 2025 at 10:37 GMT by Seeking Alpha

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Disney’s Next CEO: Inside Candidates Adam Damari and Robert Walden Lead the Race

With the Disney board poised to replace retiring Chief Executive Officer Bob Iger, the most recent Seeking Alpha analysis focuses on a clear preference for an internal successor. According to sources cited in the article, the board has narrowed its shortlist to two high‑profile Disney executives: Chief Financial Officer Adam D. Damari and Chief Operating Officer Robert Walden. Both men have spent decades building the company’s media empire and are seen as the front‑running candidates to steer Disney through its next era of growth, particularly in streaming and global expansion.

1. The Context of Bob Iger’s Departure

Bob Iger stepped down as CEO on a date that will likely coincide with the end of 2024, after more than a decade of leadership that brought Disney to the forefront of the streaming revolution. Iger’s exit has triggered a flurry of speculation about the next executive in command. The Seeking Alpha article notes that Disney’s board, while still exploring external options, has shown a strong inclination toward an “inside‑out” succession model, reflecting a desire for continuity and a deep understanding of the company’s unique blend of film, theme parks, media networks, and streaming services.

2. Adam Damari – The CFO Who Could Pivot Disney’s Finance

Adam Damari has served as Disney’s CFO since 2016 and is known for his shrewd financial stewardship during a period of significant transformation. In the article, Damari’s background is highlighted: a former senior executive at Procter & Gamble, he joined Disney in 2015 and rapidly moved through key roles, including Treasurer and Senior Vice President of Finance and Administration. As CFO, he oversaw the company’s capital allocation, risk management, and the integration of streaming revenue streams—an experience that positions him well to balance the cost pressures of the traditional media business with the high growth potential of Disney+ and ESPN+.

Key points about Damari’s candidacy include:

• Financial Acumen: Proficient in cost control, capital allocation, and financial reporting.
• Strategic Vision: Involved in the “New Business Model” that integrates linear and digital content, reflecting a forward‑thinking approach.
• Stakeholder Relations: Maintains close ties with the board and investors, crucial for maintaining shareholder confidence during a transition.

The article suggests that Damari’s strength lies in his ability to navigate Disney’s complex financial structure and to guide the company through the monetization of its streaming assets.

3. Robert Walden – The COO With a Creative Touch

Robert Walden, Disney’s Chief Operating Officer, is another prime internal candidate. The article points to Walden’s deep operational experience across Disney’s media networks, studio entertainment, and parks segments. Walden has been at the helm of Disney’s operational strategy since his appointment as COO in 2019, and he has overseen the launch of several blockbuster franchises and the expansion of Disney’s global parks.

Walden’s profile highlights:

• Operational Expertise: Proven record in streamlining production workflows and managing large creative teams.
• Creative Leadership: Oversaw the development of new IPs and the integration of creative assets across platforms.
• Global Perspective: Experience managing Disney’s worldwide operations, crucial as the company seeks to grow its streaming presence in international markets.

Walden’s candidacy is presented as a natural fit for a company that must simultaneously manage a sprawling portfolio of entertainment assets and a rapidly evolving streaming ecosystem.

4. Board Strategy and External Candidates

While the article emphasizes the internal preference, it acknowledges that the board has not ruled out external talent. There have been rumors of high‑profile executives from other media conglomerates, such as former executives from Comcast or AT&T, being considered. However, the Seeking Alpha piece stresses that any external hire would face a steep learning curve and a need to gain the trust of Disney’s deeply embedded culture.

The board’s deliberations are expected to take place over the next few weeks, with a formal announcement due before the end of the fiscal year. The article references a Bloomberg source that said the board’s meeting will be closed, underscoring the sensitivity of the succession process.

5. Strategic Imperatives for the New CEO

The article underscores the strategic challenges the next CEO will face:

• Streaming Dominance: Disney+ and ESPN+ have become core revenue drivers. The new CEO must accelerate growth while ensuring sustainable profitability.
• Content Creation: The continued demand for fresh, high‑budget content is vital for both theatrical releases and streaming subscriptions.
• Theme Parks & Experiences: Balancing the post‑pandemic resurgence of physical attractions with digital engagement strategies.
• Global Expansion: Navigating diverse regulatory environments and localizing content for international audiences.

Both Damari and Walden bring distinct skill sets that align with these imperatives, making them compelling choices to guide Disney into a new phase of growth.

6. Market Reaction and Investor Sentiment

The Seeking Alpha article notes that Disney’s stock has reacted modestly to succession rumors, with a slight uptick reflecting investor confidence in the board’s handling of the transition. Analysts quoted in the piece believe that a clear, internal succession plan will mitigate market uncertainty and preserve Disney’s valuation trajectory.

7. Conclusion

Disney’s next CEO is likely to emerge from within, with Adam Damari and Robert Walden as the front‑running candidates. Both bring extensive experience and complementary strengths: Damari’s financial rigor and Walden’s operational savvy. The board’s emphasis on continuity signals a desire to maintain the momentum built under Bob Iger, while also addressing the company’s evolving strategic priorities—especially the rapid expansion of its streaming services and the global scaling of its entertainment ecosystem.

As Disney moves forward, the board’s final decision will set the tone for the company’s next chapter. Whether the new CEO is chosen from the CFO or COO ranks, the selection will be pivotal in steering Disney through a rapidly changing media landscape, ensuring that the company remains a dominant player in both traditional and digital entertainment arenas.