Head of Disney Consumer Products group steps down

Disney Consumer Products Chairman Andrew P. Mooney has resigned after nearly 12 years with the company.

Mooney announced his departure to the staff in an email Tuesday, saying, “It’s never easy to leave a place you love, but today I informed Bob Iger that I’ve made the difficult decision to resign as Chairman of Disney Consumer Products.”

The former Nike Inc. executive joined Disney in December 1999, after serving as chief marketing officer for the sports brand. Mooney is credited with creating the Disney Princesses franchise, which now accounts for more than $4 billion in retail sales worldwide. L.A. TIMES