Disney's (DIS) succession committee — which seeks to find a suitable replacement for CEO Bob Iger, who is set to step down in 2026 — has appointed board member and former Morgan Stanley (MS) CEO James Gorman to lead the chief executive search. Gorman, still the executive chairman at Morgan Stanley, has previously led a similar hunt for his own successor.

Yahoo Finance senior entertainment reporter Alexandra Canal breaks down the company's efforts to find a new CEO to eventually take over once Iger steps down.

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This post was written by Nicholas Jacobino