ESPN has named Disney exec James Pitaro as its new president

  • ESPN has named Disney executive James Pitaro as its new president.
  • Pitaro had been the chairman of Disney consumer products and interactive media since 2016.

ESPN has named Disney executive James Pitaro as its new president, the company announced Monday.

Pitaro had been a leading candidate for the job since John Skipper left the position in December, citing substance abuse issues, according to The Hollywood Reporter. Pitaro has also been named the cochair of Disney Media Network and will report directly to Disney CEO Bob Iger, Disney said in a release.

Most common male CEO names:

Most common male CEO names
See Gallery
Most common male CEO names
1. Peter
2. Bob
3. Jack
4. Bruce
5. Fred
6. Bill
7. Ron
8. Christian
9. Alexander
10. Don

Pitaro had been the chairman of Disney consumer products and interactive media since 2016. He was formerly a vice president and head of Yahoo! Media.

"Jimmy is a talented and dedicated leader with the right strategic vision, relentless drive and passion for sports required to lead the stellar ESPN team at this incredibly dynamic time," Iger said in a statement. "Jimmy forged his career at the intersection of technology, sports and media, and his vast experience and keen perspective will be invaluable in taking ESPN into the future."

Pitaro has reportedly been a longtime favorite of Iger's, who previously wanted Pitaro to serve as Skipper's No. 2 at ESPN, according to Recode.

Pitaro joins ESPN, a top performing asset for Disney, at a time of turmoil for the sports media company. ESPN's subscriber base has narrowed significantly due to cord-cutting in recent years, dropping from its peak at 100 million in 2010, to around 88 million in recent months.

In a release, ESPN touted Pitaro's hiring as coming at "a time of great opportunity" for the company, as ESPN is prepping the launch of its new direct-to-consumer subscription streaming service, ESPN+.

With ESPN+, a $4.99 a month service that will combine live events with ESPN's library of programming, the company looks to regain footing among cord-cutting customers, while continuing to draw out more money from its subscribers, which it has exceeded at despite dwindling subscriber numbers.

NOW WATCH: You can connect all 9 Best Picture Oscar nominees with actors they have in common — here's how

See Also:

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.