Josh D’Amaro Shares Exciting Updates with Shareholders: Disney’s Unique Position and Grateful Acknowledgment of Bob Iger
During his inaugural address to shareholders as CEO of The Walt Disney Company, Josh D’Amaro expressed gratitude to his predecessor, highlighted key objectives, and acknowledged the diverse segments of the company. This meeting marked a significant moment in Disney’s leadership transition.
“Bob, on behalf of our employees, cast members, shareholders, and fans around the world, thank you so much for your tremendous leadership, your steadfast support, and your countless contributions,” D’Amaro stated at the company’s annual shareholder meeting. “You’ve set an incredible example for all of us. And personally, I can’t thank you enough for your mentorship and friendship through the years. You will be missed.”
D’Amaro, who previously served as the chairman of Disney Experiences, was named CEO last month after a highly scrutinized search for Bob Iger’s successor. Dana Walden has been appointed as President and Chief Creative Officer, a newly established role within the organization.
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In his address, D’Amaro discussed Disney’s legacy of innovation and creativity, emphasizing the company’s broad vision that extends beyond traditional media. “Disney has always been a place of imagination, innovation, and infinite potential — bringing human creativity together with cutting-edge technology to create unforgettable storytelling experiences,” he said. He noted that Walt Disney’s vision has expanded to include sports, news, gaming, streaming, and hospitality services.
Addressing industry competition, D’Amaro pointed out, “While others in our industry are consolidating just to compete… Disney is in a category of one poised to accelerate into our next era of innovation and growth.” He emphasized the company’s commitment to enhancing creativity through technology and delivering distinct stories to global audiences.
D’Amaro also highlighted upcoming projects, including the animated hit Bluey, a sneak peek at Toy Story 5, and positive revenue trends from ESPN and Disney+. He noted that Disney+ would evolve into a digital hub interlinking stories, experiences, and content for viewers. Plans to merge Disney+ and Hulu into a single, streamlined experience are expected to roll out later this year.
He elaborated on Disney’s international expansion efforts, technological advancements in storytelling, and the record revenue generated at theme parks, which are bolstered by a $60 billion global investment program. D’Amaro also announced the name of the company’s upcoming ninth cruise ship, the Disney Believe.
Reflecting on his personal connection to Disney, D’Amaro shared, “Like so many of you, my connection to Disney goes back to my childhood… I was 10 years old when my family visited Disneyland for the first time. So, as I stand next to the old animation building where Walt and his team brought so many of our beloved stories and characters to life, I am deeply honored and profoundly grateful for the opportunity to lead this remarkable company.”
