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Walt Disney Names Darroch, Morgan Stanley's Gorman to Board

November 29, 2023 at 05:10 pm EST

By Denny Jacob

Walt Disney Co.'s board appointed Morgan Stanley CEO James Gorman and former Sky CEO Jeremy Darroch as new directors.

The entertainment giant said Darroch's appointment is effective Jan. 9, while Gorman's is effective Feb. 5.

Disney said the appointments reflect its commitment to a strong board focused on the long-term performance of the company, strategic growth initiatives, the succession planning process and increasing shareholder value, according to a regulatory filing.

Gorman has been chief executive of Morgan Stanley since 2010 and is expected to be succeeded by Ted Pick on Jan. 1, 2024.

The appointments come as Disney is in a battle with activist investor Nelson Peltz, whose firm has acquired a substantial Disney stake and is pushing for board seats.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

11-29-23 1709ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	WALT DISNEY COMPANY (THE)	112.7 USD	-0.04%	+0.11%	207B
	MORGAN STANLEY	92.83 USD	+0.29%	+2.39%	151B

James Gorman

James Patrick Gorman is a businessperson who has been at the helm of 6 different companies. Mr. Gorman is Chairman & Chief Executive Officer of Morgan Stanley and Chairman for Morgan Stanley Smith Barney Holdings LLC (a subsidiary of Morgan Stanley). Mr. Gorman is also Member of The Financial Services Forum, Member of The Business Council, Member- Overseers Board at Columbia Business School and Member of The Business Roundtable and on the board of 6 other companies. In the past James Patrick Gorman held the position of President at Federal Advisory Council, Senior Partner-Financial Institutions Practice at McKinsey & Co., Inc., Co-President for Global Wealth Management Group, Head-Global Private Client Business at Merrill Lynch & Co., Inc., Director at The Partnership for New York City and Trustee at The Metropolitan Museum of Art. He received an MBA from Columbia University and an undergraduate degree and a graduate degree from the University of Melbourne.

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