Disney Sets New Pay Packages For Dana Walden and Josh D’Amaro
The news that Disney fans have long been waiting for finally came down the pipeline today, as The Walt Disney Company announced that Disney Experiences Chairman Josh D’Amaro will be the company’s next CEO.
D’Amaro will officially succeed Bob Iger at the company’s Annual Meeting on March 18. As part of the promotion, he will also be appointed to the Disney board.
Photo: Disney
While it had long been clear that D’Amaro was the frontrunner to succeed Iger, his appointment comes at the conclusion of an extended search conducted by the Disney board.
Photo: Disney
In the end, the race reportedly came down to D’Amaro and Disney Entertainment Co-Chairman Dana Walden.
Dana Walden’s New Role
Although Walden did not land the CEO role, she will remain with the company as the new President and Chief Creative Officer of The Walt Disney Company.
Variety
In her new role, Walden will report directly to D’Amaro and “will ensure that storytelling and creative expression across every audience touchpoint consistently reflect the brand, engage audiences at scale, and advance core business objectives, while driving enterprise-wide initiatives and translating vision into action.”
D’amaro and Walden’s New Compensation Packages
As D’Amaro and Walden prepare to assume their new positions, Disney has released the pay packages for both executives.
Photo: @joshdamaro
According to Deadline, Josh D’Amaro will earn an annual base salary of $2.5 million and an annual target incentive bonus of 250% of the base salary at the end of each fiscal year.
Additionally, D’Amaro will receive $26.25 million in long-term stock incentives for each year he serves as CEO.
Photo: MiceChat
Finally, the new CEO will receive a one-time payout of $9.705 million upon his promotion.
Dana Walden
In her new position as President and Chief Creative Officer, Dana Walden will have an annual base salary of $3.75 million, with an annual target bonus equal to 200% of that.
JON KOPALOFF/GETTY IMAGES
She will also receive a long-term stock award of $15.75 million for each fiscal year. Finally, she will receive a one-time incentive of $5.26 million in her new role.
