New Delhi, Feb. 3 -- Walt Disney on Tuesday announced that Josh D'Amaro, head of its theme parks division, will become the company's next chief executive officer, ending a prolonged period of leadership uncertainty and installing a veteran insider at a time when artificial intelligence and market consolidation are reshaping the media landscape.

D'Amaro, 54, is set to succeed Bob Iger, 74, at the company's annual shareholders' meeting on 18 March.

Iger - celebrated for defining the modern Disney era through the acquisitions of Pixar, Marvel, and 21st Century Fox - will transition into a senior advisory role and remain on the board until his formal retirement on 31 December.

Disney additionally appointed entertainment co-leader Dana Wald...