MUMBAI: The Walt Disney Company has announced that two of the company’s most senior executives would assume new roles by the end of the year.

Disney’s Chief Financial Officer senior executive vice president Thomas O. Staggs will be made Walt Disney Parks and Resorts chairman. In his new position, Staggs will preside over the company’s vacation businesses, which span three continents and include five-world class destinations, a top rated cruise line and the most popular resort locations in North America, Europe and Asia.

Additionally, Disney Parks and Resorts chairman James A. Rasulo will become senior executive vice president and Disney’s CFO. In his new role, Rasulo will oversee the company’s worldwide finance organization, corporate strategy and development, brand management, corporate alliances, investor relations, treasury and risk management activities, controller functions, information systems, corporate responsibility, real estate and taxes.

Both will remain members of the senior management group reporting to Disney president and CEO Robert A. Iger.