KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
Quick Summary
Bob Iger plans to step down as Disney CEO before his contract ends on Dec 31
Disney’s board is set to decide on his successor in the current quarter
Succession race narrowed to two internal candidates
Iger aims to give the next CEO a clean break, avoiding past transition mistakes
What’s Happening
Bob Iger has told close associates he intends to step back from the CEO role and daily management before the end of his contract, according to people familiar with the matter.
The board of The Walt Disney Company is expected to meet next week in Burbank to vote on who will take over the top job.
While the exact timing is not final, Iger is expected to:
Stay on for several months after the announcement
Mentor his successor
Potentially retain a board or advisory role
Why Iger Wants to Move On
In private conversations, Iger has expressed:
Fatigue with day-to-day management
Frustration with internal conflicts, including tensions at ABC over the brief suspension of Jimmy Kimmel
A desire to focus on:
Personal interests (including time away from work)
His involvement with Angel City FC, the women’s football club he co-owns with his wife
Iger has said that staying until year-end could hinder the next CEO, preferring to offer a “fresh start.”
The Leading Successors
The board is believed to be choosing between two internal executives:
Josh D’Amaro
Chairman of Disney Experiences
Oversees theme parks, consumer products, and gaming
Dana Walden
Co-chair of Disney Entertainment
Veteran television executive
Both candidates presented their strategic visions to the board last August.
Lessons From the Past
Iger’s approach this time reflects lessons from Disney’s last transition:
In 2020, Iger handed over to Bob Chapek but stayed on as executive chairman
The overlap led to frequent clashes, especially during Covid-19
Chapek was ultimately ousted in 2022, prompting Iger’s return
This time, the board — chaired by James Gorman — is aiming for a cleaner, more decisive handover.
Bottom Line
Disney is entering a critical leadership transition — again.
Iger’s planned early exit signals a desire to avoid repeating past mistakes and hand the reins to a new CEO with full authority. Investors will be watching closely to see who takes over — and how smoothly Disney finally turns the page.
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