The Walt Disney Company is combining Parks, Experiences and Consumer Products. According to Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company, “We are merging our Consumer Products and Parks operations under one segment, combining strategy and resources to produce even more compelling products and experiences that bring our stories and characters to life for consumers.”
Bob Chapek, Chairman, Walt Disney Parks and Resorts, will assume additional responsibility for all of Disney’s consumer products operations globally, including licensing and Disney stores, as Chairman of the new Parks, Experiences and Consumer Products business segment. “Bob comes to this new role with an impressive record of success at both Parks and Resorts and Consumer Products, and he is the perfect leader to run these combined teams,” noted Iger. Chapek will continue to report directly to Iger.