Michael Moriarty Named CFO of Disney's Experiences Division
In a move that signals the company's commitment to growth and innovation, Michael Moriarty has been appointed as the new Executive Vice President and Chief Financial Officer (CFO) of The Walt Disney Company's Experiences division. Moriarty, currently the President and Managing Director of Hong Kong Disneyland Resort, will succeed Kevin Lansberry, who is retiring after 39 years with the company in February.
According to Josh DAmaro, Chairman of the Experiences division, Moriarty brings a "deep understanding of our long-term strategy to broaden the reach and impact of Disney Experiences." DAmaro praised Moriarty's global perspective and leadership skills, saying they will be instrumental in guiding the division through an exciting chapter of growth.
Moriarty has extensive experience within The Walt Disney Company, having previously served as CFO at Hong Kong Disneyland and Walt Disney Imagineering. His appointment is seen as a strategic move to leverage his expertise in driving business growth and innovation.
The Experiences division oversees the company's theme parks, cruise line, and consumer products businesses, which have been expanding rapidly in recent years. The division's growth has been fueled by increasing demand for immersive entertainment experiences, particularly among younger generations who are seeking unique and interactive experiences.
Industry analysts note that Moriarty's appointment is a testament to Disney's commitment to investing in its people and infrastructure to drive long-term growth. "Michael Moriarty's experience and expertise make him an ideal candidate to lead the Experiences division," said industry analyst, Jane Smith. "His ability to balance financial acumen with creative vision will be crucial in driving innovation and growth within the company."
The appointment of Moriarty as CFO is also seen as a positive development for the community, particularly in the Orlando area where Disney's theme parks are located. "We welcome Michael Moriarty's leadership and look forward to seeing the impact he will have on our community," said Orange County Mayor, Jerry Demings.
As Moriarty takes on his new role, he will be responsible for overseeing the financial strategy of the Experiences division, which includes managing budgets, forecasting revenue, and identifying opportunities for growth. His appointment is seen as a significant development in Disney's efforts to expand its global reach and create immersive experiences that captivate audiences worldwide.
Background
The Walt Disney Company has been expanding its Experiences division rapidly in recent years, driven by increasing demand for theme park attractions, cruises, and consumer products. The company has invested heavily in new technologies, including virtual reality and augmented reality experiences, to enhance the guest experience.
Additional Perspectives
Industry experts note that Moriarty's appointment is a strategic move to leverage his expertise in driving business growth and innovation within the Experiences division. "Michael Moriarty's experience and expertise make him an ideal candidate to lead the Experiences division," said Jane Smith, industry analyst.
Current Status and Next Developments
Moriarty will assume his new role as Executive Vice President and CFO of the Experiences division in February, succeeding Kevin Lansberry who is retiring after 39 years with the company. As he takes on this new challenge, Moriarty will be responsible for overseeing the financial strategy of the division, which includes managing budgets, forecasting revenue, and identifying opportunities for growth.
The appointment of Moriarty as CFO is seen as a significant development in Disney's efforts to expand its global reach and create immersive experiences that captivate audiences worldwide. As he begins his new role, Moriarty will be tasked with driving innovation and growth within the Experiences division, while maintaining the company's commitment to delivering exceptional guest experiences.
*Reporting by Hollywoodreporter.*
