"Disney this week announced Josh D'Amaro, its parks chief, as the winner of its very public race to be its next CEO; he'll take over for outgoing chief executive Bob Iger in March. But along with the glory of the CEO crown and the monumental task of running the complex entertainment giant, D'Amaro faces a tricky personnel challenge: becoming the boss of his former peer. Dana Walden, Disney's TV and entertainment chief, was reportedly a fellow CEO contender he beat out for the job."
"The Fortune 500 is littered with examples of wanna-be CEOs who left their companies after being passed over for the top job. And leaving can be a natural response to such a snub. Famously, when GE named Jeff Immelt CEO in 2001, the three other internal candidates eventually departed the company for top jobs elsewhere. Former Apple retail chief Ron Johnson left to become CEO at J.C. Penney when the tech giant named Tim Cook CEO in 2011."
Josh D'Amaro will take over as Disney CEO and must manage the complex entertainment giant while also becoming the boss of former peer Dana Walden. Walden, Disney's TV and entertainment chief, was reportedly a CEO contender and has been promoted to president and chief creative officer with oversight of all movies and streaming series. She will report directly to D'Amaro. Many executives who are passed over for CEO depart for top jobs elsewhere, as seen after GE's 2001 appointment and Apple's 2011 succession. The D'Amaro–Walden dynamic could be awkward and will require careful personnel management.
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