Disney Board Aims to Find New CEO by June
The full story...
LOS ANGELES (Reuters) - Walt Disney Co's (NYSE:DIS - news) board of directors said on Tuesday it planned to find a replacement for Chief Executive Michael Eisner by next June and then search for a new chairman, setting out a timetable for a change of leadership at the company after more than a year of shareholder protests.
A couple of interesting notes about the story...
- Disney is contracting an outside executive placement firm to find the next CEO
- They have said they are looking at internal and external candidates, although Iger is the only internal candidate on the list. (which rules out dark horse options like Ouimet)
- George Mitchell will be forced to retire at the end of his contract due to his age.
I am pulling for someone outside of Disney... I would like to maybe see Steve Jobs at the helm. He has a keen business sense and a very creative side. Which sounds like a good match for Disney. Also Meg Whitman would be good - she worked as Sr VP at Disney for a while and now is the CEO of eBay.
This will be fun to watch. I would like to be a fly on the wall during the decision making process.