Disney is important to many fans, and the incoming CEO understands why.

Wall Street has greeted Disney’s CEO succession news with a shrug, with analysts nodding in approval of Josh D’Amaro’s promotion but not bursting into applause. The media giant’s beleaguered stock, which has essentially been stuck in the mud since 2022,

An analyst said the question of who will succeed Bob Iger as CEO has been an 'overhang' on Disney's stock.

Iger acknowledged facing obstacles in his second stint as CEO, saying this week the company had "a tremendous amount that needed fixing."

For the past several years, Josh D’Amaro has been running the engine of Disney’s business, its theme parks. Now he must grapple with a changing media universe.

Disney's decision to tap Josh D'Amaro signals that the company wanted to go with a familiar, friendly face to push ahead into the AI era.

Disney Chairman James Gorman led the succession process, which began with a list of more than 100 candidates and ended with the selection of parks chief Josh D'Amaro, who will replace Bob Iger as CEO.

Disney Chairman of the Board James Gorman joins CNBC’s ‘Squawk on the Street’ to discuss the company’s succession plan. The entertainment giant named parks boss Josh D’Amaro as its next CEO, set to succeed Bob Iger on March 18.