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Disney Names James Gorman as New Chairman, to Announce Next CEO in Early 2026

FILE - In this Nov. 13, 2019, photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. (AP Photo/Steven Senne, File)
FILE - In this Nov. 13, 2019, photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. (AP Photo/Steven Senne, File)
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Disney Names James Gorman as New Chairman, to Announce Next CEO in Early 2026

FILE - In this Nov. 13, 2019, photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. (AP Photo/Steven Senne, File)
FILE - In this Nov. 13, 2019, photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. (AP Photo/Steven Senne, File)

Walt Disney said on Monday it would appoint a new chief executive officer in early 2026 and named James Gorman as its chairman.
Gorman, executive chairman of Morgan Stanley, would step down from that role at the end of 2024 and take on the position at Disney in January.
He would succeed Mark Parker, who is leaving the media giant's board after nine years, according to Reuters.
Gorman is currently the chair of Disney board's succession planning committee, which is working to identify its next CEO.
Bob Iger returned to Disney as CEO in November 2022, less than a year after he retired, to revamp the media company after the board ousted his hand-picked successor, Bob Chapek.
Iger had initially planned to stay for two years but agreed to extend his tenure through 2026.

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Lionel Richie Likens Touring to Vacation as He Announces Europe Shows

Lionel Richie attends the premiere of the documentary "The Greatest Night in Pop", in Los Angeles, California, US, January 29, 2024. (Reuters)
Lionel Richie attends the premiere of the documentary "The Greatest Night in Pop", in Los Angeles, California, US, January 29, 2024. (Reuters)
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Lionel Richie Likens Touring to Vacation as He Announces Europe Shows

Lionel Richie attends the premiere of the documentary "The Greatest Night in Pop", in Los Angeles, California, US, January 29, 2024. (Reuters)
Lionel Richie attends the premiere of the documentary "The Greatest Night in Pop", in Los Angeles, California, US, January 29, 2024. (Reuters)

US music star Lionel Richie said he was heading to the "best touring spot in the world" next year as he announced a new set of UK and European concerts kicking off next spring.

The Grammy Award winning singer-songwriter's "Say Hello To The Hits" tour will begin in Belfast on May 31 and wrap in Madrid on August 2.

In between there will be shows in London, Dublin, Amsterdam, Paris, Berlin among other European cities.

"It's basically the best touring spot in the world... If you happen to build a loyal fan base in Europe and in Britain, you've got this for the rest of your life," Richie told Reuters in an interview.

"And I think for me, as far as I'm concerned, it's like, welcome home is what I hear when I get to Belgium, and welcome home when I get to England and Scotland... it's almost like I live there."

Richie, known for hits such as "Hello" and "Dancing on the Ceiling", likened touring to a holiday.

"It's my vacation... I look forward to it. It's not work... it's really just a play period that I go and hang out with all my friends in Europe," he said.

The 75-year-old, who began his career with the Commodores before going solo in the 1980s, has sold more than 125 million albums worldwide.

Last month he announced that his "King of Hearts" residency at the Encore Theater in Las Vegas had been extended into 2025.

"As far as how did it stick for this long, only God knows," he said of his enduring musical success. "But... it's really been a wonderful journey in the last 50 years."