Co-president John Pleasants is stepping down, while co-president Jimmy Pitaro is taking over responsibility for the division.
Pleasants was formerly the CEO of Playdom, the social game company Disney acquired in 2010 for $563 million. Pitaro, a former Yahoo executive, also joined Disney in 2010.
In 2011, the two set a goal for the unit to be profitable in 2013. In the fourth quarter ending in September, the interactive unit had an operating profit of $16 million, but lost $87 million for the full year. Quarterly sales more than doubled to $396 million, boosted by the launch of the video game, "Disney Infinity."
Disney CEO Bob Iger said in a statement that the move, in part, was to fulfill an original objective to consolidate the interactive division "under one Los Angeles-based leader" after three years of operating improvements. Pleasants had spent half his time in the San Francisco area where he maintained a residence. Pitaro is based in Los Angeles.
The company said during its quarterly earnings last week that it had sold more than 1 million starter packs for "Infinity" after it launched in August.
The release had been delayed from June, pushing the unit's recovery back a couple months and narrowing the lead time before the mid-October release of "Skylanders: Swap Force." The Activision franchise, launched in 2011, pioneered the genre that matches physical toys to their on-screen characters.
Shares of Walt Disney slipped 24 cents to $68.34 on trading Monday. Its shares are up almost 38 percent for the year so far.
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