Walt Disney Company chief executive, Bob Chapek, has announced a shakeup of the senior leadership of its leisure operations. In the key move, Josh D’Amaro has been named chairman, Disney Parks, Experiences & Products.

In summer 2020, Disney Cruise Line will embark on a variety of itineraries around the world, including a return to Greece and the addition of five first-time ports of call in Europe.

The Disney Magic arrives today in Venice, Italy where Captain Robert Olmer and shipboard officers are hosting local port officials and community leaders onboard for a traditional maritime plaque exchange ceremony. This event symbolises the partnership between the ship and the destination in honor of her first call.

In 2013, Disney Cruise Line will offer new itineraries, including an expanded portfolio of European cruises with new destinations such as Venice, Italy, and the Greek Isles. In addition, Disney Cruise Line will utilize a second homeport in Florida, with Caribbean sailings departing from the Port of Miami for the first time.

The final building block for the newest Disney Cruise Line ship, the Disney Fantasy, was placed at the Meyer Werft shipyard signaling completion of a major milestone in the ship’s overall construction.

Entertainment leviathan Disney revealed a slight drop in profits for the second financial quarter as the Japanese earthquake and poor box office returns took a toll. Disney Parks & Resorts Division was partially responsible, with operating profits down by three per cent to $145 million based on a seven per cent increase in revenue to $2.6 billion.