Disney Promotion for New President of Products

The Walt Disney Co. said Thursday it has elevated Leslie Ferraro to president of Disney Consumer Products, taking the spot vacated when her predecessor, Bob Chapek, was named chairman of Walt Disney Parks & Resorts in February.
Disney has been shaking up its executive ranks after the promotion three months ago of Thomas Staggs, who was named COO, paving the way for Chapek's promotion.
The promotion of Staggs makes him the heir apparent for CEO when Robert Iger retires from that spot in mid-2018.
In her new role, Ferraro will report to Iger and Staggs.
Ferraro is a 16-year veteran of Disney, most recently serving as executive vp, global marketing, sales and travel operations for Parks and Resorts.