Euro Disney SCA receives new CEO

Thursday, May 19, 2005

Disney and Euro Disney SCA announced on Thursday that Euro Disney chief executive officer Andre Lacroix would step down and be replaced with Karl Holz immediately.

Holz has had a long career with Walt Disney Parks and Resorts. He has been president of the Disney Cruise Line and executive of operations at Walt Disney World. Holz was chief operating officer at Euro Disney before being promoted.

Euro Disney is Europe's largest theme park operator, and oversees Disneyland Resort Paris in Marne-la-Vallee, France. Disney is Euro Disney SCA's major share holder. Other share holders include the French government and a Saudi prince.

Sources

Alex Armitage. "Euro Disney's Holz to be chief as Lacroix steps down" — Bloomberg, May 19, 2005
Floyd Norris. "Troubled Euro Disney Abruptly Replaces Its Chief Executive" — The New York Times, May 19, 2005 (Subscription Required)

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