Disney director James Gorman, who retired as CEO of Morgan Stanley in January after a smooth succession process, will also be stepping down as executive chairman of the financial giant.
One of the longest tenured top executives on Wall Street, Gorman told Morgan Stanley’s annual meeting of shareholders today that he plans to exit the role at year end.
He was CEO for 18 years and segued to executive chair after his successor Ted Pick took the reins of the investment banking and financial services giant at the start of 2024.
Named to Disney’s board in February, Gorman is one four directors looking closely at succession, a critical issue for the company.
Read more on deadline.com