Disney Names New CEO: Josh D'Amaro to Lead, Succeeding Bob Iger (DIS)

[Para 1: The Lead] Disney (DIS) announces Josh D'Amaro, current leader of its parks and cruise operations, as the new CEO, succeeding Bob Iger, effective March 18. This marks a significant leadership transition as D'Amaro, who has been pivotal in the company's Experiences unit, takes the helm. [Para 2-3: Supporting details & Context] D'Amaro, joining Disney in 1998, has spearheaded the parks and cruise division, which reported record revenues of $10 billion in the latest quarter, contributing nearly 40% to the company's total revenue of $26 billion. Operating income from this unit stood at $3.3 billion in the fiscal first quarter. With Iger stepping down from the board at year-end, D'Amaro will also join Disney's board, solidifying his role as the company's future direction.