Disney Names New CEO to Replace Bob Iger, Salary Revealed
Disney CEO Bob Iger is stepping down and replacements have been revealed: the new CEO will be Josh D’Amaro and the president and chief creative officer is Dana Walden.
In addition to this news, we now know their salaries.
Keep reading to find out more…
Josh will be paid $2.5 million as his annual base salary. However, he has the opportunity to earn a lot more.
At the end of each fiscal year, he’s eligible for an incentive bonus of 250% of that base salary. In addition, for each year he serves as the company’s CEO, he is set to get a long-term stock incentive of $26.25 million, Variety reports.
He’ll also get a one time payout of $9.7 million that is linked to this promotion.
Dana will be getting a salary of $3.75 million and her bonus can be up to 200% of that.
Her long-term stock incentive in this role will be $15.75 million for each year she holds the role. And she’s getting a one time payout of $5.26 million tied to the role.
If you factor in the bonuses, Josh‘s salary could be around $38 million while Dana‘s is at around $24 million.
“Josh D’Amaro is an exceptional leader and the right person to become our next CEO,” Bob Iger said in a statement. “He has an instinctive appreciation of the Disney brand, and a deep understanding of what resonates with our audiences, paired with the rigor and attention to detail required to deliver some of our most ambitious projects.”
“His ability to combine creativity with operational excellence is exemplary and I am thrilled for Josh and the company,” he added.
Josh will take over the role on March 18.