Headline: Walt Disney Elects Josh D'Amaro as CEO, Shares Rise

[Para 1: The Lead] Walt Disney Company (NYSE: DIS) announces the election of Josh D'Amaro as CEO, effective immediately. Shares of DIS surge 5% in after-hours trading following the announcement, reflecting investor confidence in D'Amaro's leadership. [Para 2-3: Supporting details & Context] D'Amaro, currently President of Disney Parks, Experiences and Products, succeeds Bob Chapek. The transition is part of Disney's strategic focus on enhancing its theme parks and streaming services. D'Amaro's appointment is scheduled for March 1, 2026. Prior to this, D'Amaro served as CEO of ESPN and held executive roles at ABC and Disney Channel. The move is aimed at strengthening Disney's global entertainment portfolio and driving growth in its streaming services.