Disney has named Josh D’Amaro as its new CEO, succeeding Bob Iger. D’Amaro will be the 9th CEO in Disney’s history, overseeing theme parks, cruises, and resorts with $36 billion in annual revenue. He must navigate a decline in foreign visitors post-Trump administration and push for streaming growth.

D’Amaro returns to Disney after Bob Chapek’s struggles as CEO. Disney carefully selected D’Amaro, who joined in 1998, to lead the company. Dana Walden, co-chairman of Disney Entertainment, will now serve as president and chief creative officer. The appointments are effective on March 18.

The decision to appoint D’Amaro and Walden came after a thorough search process. D’Amaro has demonstrated a strong vision for Disney’s future and a deep understanding of its creative spirit. Walden has been instrumental in overseeing Disney’s streaming business and entertainment media. Together, they will focus on creativity and storytelling at Disney.

Read more at Yahoo Finance: Disney parks chief Josh D’Amaro will take over for Bob Iger as CEO