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5/18, 11:25 PM (Source: TeleTrader)
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Disney announces managerial changes

Chief Executive Officer of The Walt Disney Company Bob Chapek revealed on Monday that President of Walt Disney World Resort Josh D'Amaro will become the Chairman of Disney Parks, Experiences and Products.

Chapek, who became Disney's CEO in February, had previously worked in D'Amaro's new role. The latter started his career in the company by joining Disneyland Resort 22 years ago and held multiple senior managerial positions in the entertainment conglomerate.

Meanwhile, the former head of Disney's streaming service Disney+, Kevin Mayer, will join Chinese tech company Bytedance Ltd. as Chief Operating Officer (COO) on June 1. He will also become the chief executive of TikTok, the video platform owned by Bytedance.

Breaking the News / MS