Disney Parks International President and Managing Director Michael Colglazier is leaving the company.
He is set to take on a new role as CEO of Virgin Galactic. The company is currently preparing for commercial flight to outer space and Colglazier will seemingly lead the company into the historic feat.
Virgin Galactic released a statement saying:
Michael assumes the CEO role at an exciting time for Virgin Galactic as the Company progresses through its test flight program and prepares for commercial service. He will also join the Company’s Board of Directors effective July 20, 2020. Michael joins Virgin Galactic following a long and successful career at The Walt Disney Company (NYSE: DIS), bringing over three decades of experience in developing and growing consumer-oriented multi-billion dollar businesses strategically, commercially, and operationally. Most recently Michael was President and Managing Director, Disney Parks International, where he was responsible for operations, strategy, and commercial and experiential development of Disney’s international parks and resorts.
Disney has not publicly announced a replacement.
Colglazier’s new job takes effect July 20th.