Disney Taps New Leader for Powerful Parks and Experiences Division

Key Points

• Thomas Mazloum has been appointed chair of Disney's Parks and Experiences division, succeeding Josh D’Amaro.
• Disney’s Parks and Experiences division generated a record $10 billion in quarterly revenue, accounting for 72% of the company's $5 billion operating profit.
• Disney plans to invest $60 billion in its parks business over the next decade and will add four new cruise ships between 2027 and 2031.

Summary

Disney has appointed Thomas Mazloum, former president of Disneyland Resort, as the new chair of its Parks and Experiences division, replacing Josh D’Amaro. This leadership change comes as the division becomes an increasingly important profit driver for the company, recently generating record revenues and representing a large share of Disney’s operating profit. Disney also announced further leadership shifts and highlighted its plans to invest $60 billion in its parks business and expand its cruise line fleet in the coming years.