Now he intends to help Iger and the chairman of Disney’s board Mark Parker with a similar problem, all while dealing with a proxy fight led by Nelson Peltz and former Disney CFO Jay Rasulo. “So, this is something that I’ve regarded as a key part of the job from the get-go.” “In my first board meeting in January of 2010 I told the then-lead director Bob Kidder - we talked about succession right then,” Gorman said. For many men, success means autonomythe freedom to do what you want when you want. However both Saperstein and Simkowitz are staying with the company, with expanded purviews themselves. Listen to this episode from Your Move with Andy Stanley Podcast on Spotify. After announcing earlier in the year that he intended to step down as CEO, the board selected Pick as his successor. Gorman famously and publicly elevated three leaders within Morgan Stanley: Ted Pick, Andy Saperstein and Dan Simkowitz, giving them additional responsibilities. And I think we landed the plane really well with three great candidates, and then one of whom became CEO and two stayed as co-presidents.” “I’m not on the board, so I have no wisdom or insight into it, but I have an enormous amount of experience having run succession here with our board. “The challenge is to set up the conditions where the board has choices with talented candidates who are properly vetted for all the stresses these jobs have,” he said. Gorman says his own experience at Morgan Stanley will lend itself well to Disney’s succession dilemma. I don’t want to prejudge the succession process. “So, some of the challenges that I have, I hope, you know, I can lend some of my experience on it. Succession talent building,” Gorman said. Obviously dealt with shareholders at many levels, including activists. “This has been, the sorts of things I’ve done in this job is strategic transformation. Mickey Mouse Will Soon Belong to You and Me - With Some Caveats In an exit interview with CNBC Thursday, Gorman said that he will be joining Disney’s special succession committee when he officially joins the board next year. James Gorman, who will step aside as CEO of Morgan Stanley at the end of this year after overseeing what is widely regarded as a carefully-planned succession process at the investment bank, will officially join Disney’s board in February.Īnd he says he intends to be involved in Disney’s succession planning, finding a suitable person to follow Bob Iger. is about to add someone who knows a thing or two about CEO succession to its board of directors.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |