Given that background, it was pretty clear that he would be tapped at Disney to do the same.

All members of the Committee have direct experience in CEO and senior leadership succession planning for Fortune 500 companies.

The Board has discussed succession planning at each of its regularly scheduled meetings in fiscal 2024.

James Gorman

Disney board member James GormanSaul Loeb/AFP via Getty Images

The Committee and Board are reviewing internal candidates and external candidates.

Gorman is exiting as chairman of Morgan Stanley in December.

He joined the firm in 2006 and rose to chairman-CEO.

Bob Iger

He previously held executive positions at Merrill Lynch and was a senior partner at McKinsey & Co.

He serves as a Director of the Council on Foreign Relations and is a member of the Business Council.

Gorman joined the Disney board earlier this year.