“Svea Herbst-Bayliss reports that Nelson Peltz, a renowned hedge fund manager, has expressed optimism about the future of Walt Disney under the leadership of its new board chairman. Despite an unsuccessful attempt at claiming a seat on the board, Peltz believes that the reputable company will secure a commendable CEO to take over from Bob Iger.

James Gorman, ex-CEO of Morgan Stanley, is the new chairman of Walt Disney’s board. Peltz has great faith in Gorman’s abilities, stating he is a “good man” who will conduct a comprehensive search to find the right CEO and rectify the company’s succession planning issues. Speaking at the CNBC Delivering Alpha Conference, Peltz predicted that Walt Disney will announce a new CEO before the end of 2025.

The company previously announced plans to introduce a new CEO in early 2026. This individual will replace Bob Iger, who reclaimed the top position in 2022 following the dismissal of his chosen successor.

Peltz’s attempt to join Disney’s board through his Trian Fund Management was unsuccessful. His criticisms of the company’s streaming division, succession plans, and stock price did not sway investors, who voted in early April to keep him off the board. Peltz attributes this loss to large index funds that manage substantial assets for investors.

Peltz profited from his Disney shares, selling them when they were around $119 each. He had originally purchased the stock when it was around $80. He warned Disney that he would not hesitate to return to the battle should the stock price fall significantly. “If the stock goes back to the $80s, I’ll be back. I promise,” he threatened. As of now, Disney’s stock is trading at $102.85 per share.”