Seeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks.
- Disney (DIS) announced that Josh D’Amaro, who oversees its theme parks and consumer products division, will take over as CEO when Bob Iger steps down in March.
“Josh D’Amaro is an exceptional leader and the right person to become our next CEO,” Iger said in a statement on Tuesday.
“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,” Iger added.
D’Amaro will take over as CEO on March 18. Iger will continue with the company as a senior consultant until he retires at the end of December.
- PayPal (PYPL) said it has appointed PayPal Chair Enrique Lores as its new CEO, effective March 1, succeeding Alex Criss, who took the post in 2023.
The company added that PayPal CFO/COO Jamie Miller will serve as interim CEO until Lores takes over. Lores is leaving his position as CEO of HP (HPQ) to lead PayPal.
“Today’s appointment follows a detailed evaluation conducted by the Board of Directors on the current position of the company relative to its competition and the broader industry landscape. While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the Board’s expectations,” PayPal said in a statement.
“The Board is confident that the appointment of Lores, a seasoned executive with more than three decades of technology and commercial experience, will provide the leadership necessary to lead PayPal (PYPL) into its next chapter,” PayPal added.
- Meanwhile, HP (HPQ) said it has appointed board member Bruce Broussard as interim CEO, effective immediately.
The company added that its board has established an executive search committee to identify its next CEO. HP also reaffirmed its Q1 and fiscal 2026 financial outlook, according to a statement.
- Rocket Companies (RKT) CEO Varun Krishna said that his company has seen a significant uptick in mortgage loans.
“We’re getting ready for our earnings call here in just a couple of weeks, and I will share with this group that we’re on track to produce the highest mortgage loan production in terms of volume that we’ve had in four years, and the highest gain on sale that we’ve had in four years as well,” Krishna told CNBC.
Rocket is slated to issue its quarterly earnings report on Feb. 19, CNBC added.