DIS Walt Disney Co

By Ben Fritz 

Continuing a shuffling of the ranks among top executives Walt Disney Co. has named consumer products chief Bob Chapek as the new head of its parks and resorts division.

Mr. Chapek replaces Tom Staggs, who earlier this month was promoted to chief operating officer, making him a top candidate to replace chief executive Robert Iger upon his planned retirement in 2018.

A 22-year veteran of the company, Mr. Chapek spent most of his career heading home video for Disney's movie studio before taking over the consumer products business in 2011.

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