Disney is about to have its fourth board chair in just over three years, as the company continues to navigate ongoing tumult in the media industry.
Chairman Mark Parker will step down at the end of the year, the company announced Monday. Morgan Stanley CEO James Gorman will replace Parker starting in 2025.
“I am honored and humbled to have the opportunity to serve as Disney’s chairman at this important moment in the company’s history,” Gorman said in a statement.
Elon Musk has said Disney boss Bob Iger should be “fired immediately” after the company stopped advertising on X.
“Walt Disney is turning in his grave over what Bob has done to his company,” Mr Musk said in a series of posts against the media giant.
It comes just a week after he told companies that joined an ad boycott of his platform, formerly known as Twitter, to “Go [expletive] yourself”.
Some firms have paused advertising on X amid concerns over antisemitism.
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