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The Walt Disney Company

has a new CEO — Josh D’Amaro.

The chairman of Disney’s experiences division, which includes the company’s theme parks, cruise line, resorts and consumer products, was named to succeed long-time CEO Bob Iger. He will be the eighth CEO in Disney’s more than 100-year history.

D’Amaro, 54, joined Disney in 1998 and has held leadership roles both domestically and internationally, including chief financial officer of Disney’s consumer products global licensing division, president of Disneyland Resort and president of Walt Disney World Resort.