Strategic hire for Disney

Disney (DIS -0.9%) names Ben Sherwood to replace Anne Sweeney as the company's Co-Chairman of Disney/ABC Television Group after she retires next year.

Sherwood will take on the position on February 1, 2015 after transitioning over the next 10 months.

His experience with high-profile digital deals tips off the strategic direction Disney is looking at with its ABC property.

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