×
You will be redirected back to your article in seconds

Bob Chapek Replaces Tom Staggs as Head of Disney’s Theme Parks

Disney has named Bob Chapek chairman of Walt Disney Parks and Resorts.

He replaces Tom Staggs, who was recently named chief operating officer of the Walt Disney Co. and is likely to replace Disney chief Bob Iger when he retires in 2018.

Chapek, who starts in his new role immediately and reports to both Iger and Staggs, has worked for Disney for 22 years. He has served as president of Disney Consumer Products since 2011.

With the parks and resorts business, he’s taking oversight of a division that generated $15 billion in sales during Disney’s fiscal 2014 year, which wrapped in September, and includes 11 theme parks around the world, four cruise ships and a resort in Hawaii. A 12th park is being built in Shanghai.

Disney’s consumer products arm generated $3.98 billion in fiscal 2014, and manages not only the company’s licensed merchandise programs but also the company’s Disney Stores.

“Bob is stepping into this role at an incredibly dynamic and exciting time for our Parks and Resorts business,” Staggs said. “The ongoing construction of Shanghai Disney Resort as well as the new ‘Avatar’-themed land at Walt Disney World continues an era of unprecedented growth and historic expansion.”

Chapek’s appointment had been expected since Iger named Staggs COO earlier this month. Chapek’s successor to run consumer products will be named at a later date, Disney said.

A number of names have been discussed internally, including James Pitaro, who currently runs Disney Interactive. Iger and Staggs must also determine who becomes Disney’s CFO since Jay Rasulo’s contract has not yet been renewed. Kevin Mayer, who has served as executive VP of corporate strategy and business development since 2005, is said to be first in line for the CFO post.

“Under Bob’s leadership, Consumer Products has seen great success, focusing on brands and a franchise-driven strategy while launching new products and retail experiences that combine technological innovation and creativity,” Iger said. “He is an experienced and versatile executive well suited to lead Parks and Resorts into the future.”

Before running consumer products, Chapek was president of distribution for the Walt Disney Studios from 2009-11, overseeing the studio’s overall content distribution strategy across multiple platforms. That included all forms of home entertainment, pay TV, digital entertainment and new media.

He was president of Walt Disney Studios Home Entertainment before that.

“I am grateful for the many opportunities I have had during my years at Disney, and am thrilled to join the incredible Disney Parks organization,” Chapek said. “I look forward to working with the remarkably talented team dedicated to creating magical memories for millions of guests around the world.”

The news of Chapek’s new role comes as Disney announced increased ticket prices at its Magic Kingdom park in Orlando. A single day pass will now cost $105, up from $99. Tickets at Disneyland for guests ages 10 and up, are now $99, up from $96.

More Biz

  • Craig Hunegs WB

    Craig Hunegs to Exit Warner Bros. TV Group and Digital Networks (EXCLUSIVE)

    After nearly 25 years in the Warner Bros. family, Craig Hunegs is exiting his post as head of business for Warner Bros. TV Group and president of the studio’s digital networks wing. Hunegs said he has been discussing his exit with Warner Bros. chairman-CEO Kevin Tsujihara for the past several months. At a time of [...]

  • 'Walking Dead' Profits Dispute Heading to

    'Walking Dead' Profits Dispute Heading to Trial

    The long-running legal battle between Frank Darabont and AMC over profits from “The Walking Dead” will run a bit longer, as a judge ruled Monday that the case must go to trial. Darabont and CAA sued the network back in 2013, arguing he was deprived of $280 million in profit participation because AMC did not [...]

  • Steven Wilson Ron Hofmann Hayley Antonian

    PR Vets Steven Wilson, Ron Hofmann, Hayley Antonian Leave BWR to Form New Agency

    BWR’s Steven Wilson, Ron Hofmann, and Hayley Antonian have announced the formation of a new communications company, Scenario, headquartered in Los Angeles and New York. Together, Wilson, Hofmann, and Antonian will serve as co-presidents while providing integrated communication strategies for clients across the entertainment, lifestyle, and technology industries. Entrepreneur and business strategist Brian Lee will work alongside [...]

  • NEW YORK, NY - SEPTEMBER 06:

    Endeavor Promotes Mark Shapiro to President

    After four years overseeing content operations at IMG, Mark Shapiro has been promoted to president of Endeavor. Shapiro’s elevation to the newly created post comes as Endeavor has expanded dramatically during the past few years, starting with its acquisition of IMG in 2014. Endeavor is now the parent company of WME, IMG, UFC and other [...]

  • Rhapsody, Sony Music to Launch Spotify

    Rhapsody, Sony Music to Launch Spotify Competitor in Japan

    Rhapsody and Sony Music Entertainment today announced a partnership to launch what they describe as the first on-demand, high-resolution streaming music service in Japan. Rhapsody International is providing its “Powered by Napster” platform including a set of systems, tools and APIs to allow SMEJ to quickly launch and bring its on-demand service to market. The service, [...]

  • China's Alibaba to Take Majority Control

    Alibaba to Take Majority Control of Alibaba Pictures

    Chinese e-commerce giant Alibaba is to take majority control of its films unit Alibaba Pictures. The $160 million (HK$1.25 billion) deal was announced Monday. The companies said that Alibaba would increase its stake in Hong Kong- and Singapore-listed Alibaba Pictures through a share subscription. It will lift the parent company’s stake from 49% to 51%, [...]

  • Guy Moot

    Is Sony/ATV’s Guy Moot Headed for Top Job at Warner/Chappell?

    Ever since Jon Platt announced in September that he will be stepping down from his post at the helm of Warner/Chappell Publishing to take the top job at Sony/ATV when Martin Bandier’s contract is up at the end of March, speculation has been rife about who will take over for him. One name has been [...]

More From Our Brands

Access exclusive content