Walt Disney Co. on Tuesday named theme parks head Josh D'Amaro as CEO, ending years of succession uncertainty and placing a longtime insider at the helm as artificial intelligence and a wave of consolidation upend the media industry.

D'Amaro, 54, will take the reins from Bob Iger, 74, at the company's annual investor meeting on March 18. Iger, credited with shaping the modern Disney through deals for Pixar, Marvel and 21st Century Fox, will stay on as a senior adviser and board member until his retirement from the company on Dec. 31.

Disney also named entertainment co-chief ​Dana Walden, a creative executive in the mold of Iger with a string of commercial and critical hits and strong talent ties, as chief content officer and president.

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