Luv2Roam
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- Jun 3, 2000
Burger King chief to be new Euro Disney head-paper
Reuters, 03.27.03, 1:16 PM ET
PARIS, March 27 (Reuters) - Andre LaCroix, head of the International arm of Burger King Corporation, is poised to take over as chairman of French theme park operator Euro Disney <EDLP.PA>, a French newspaper's Web site said on Thursday.
La Tribune.fr said that according to its information, LaCroix was due to replace Jay Rasulo, who is moving to another post within the Disney group (nyse: DIS - news - people).
Euro Disney said last week it was postponing its annual general meeting in order to present the new incumbent to shareholders.
If the appointment is confirmed LaCroix will be taking the reins at a sensitive time for Euro Disney which, though operationally profitable, plunged to a 33.1 million euro net loss last year under the weight of the costs involved in opening a second park adjacent to the original Magic Kingdom east of Paris.
LaCroix would be coming to the job from the largest hamburger competitor of U.S. fast food chain McDonalds (nyse: MCD - news - people).
Rasulo, who oversaw the construction and opening of Euro Disney's second park, the Walt Disney Studios, is taking up a position as chief of parks and resorts for parent company The Walt Disney Co.
Copyright 2003, Reuters News Service
Reuters, 03.27.03, 1:16 PM ET
PARIS, March 27 (Reuters) - Andre LaCroix, head of the International arm of Burger King Corporation, is poised to take over as chairman of French theme park operator Euro Disney <EDLP.PA>, a French newspaper's Web site said on Thursday.
La Tribune.fr said that according to its information, LaCroix was due to replace Jay Rasulo, who is moving to another post within the Disney group (nyse: DIS - news - people).
Euro Disney said last week it was postponing its annual general meeting in order to present the new incumbent to shareholders.
If the appointment is confirmed LaCroix will be taking the reins at a sensitive time for Euro Disney which, though operationally profitable, plunged to a 33.1 million euro net loss last year under the weight of the costs involved in opening a second park adjacent to the original Magic Kingdom east of Paris.
LaCroix would be coming to the job from the largest hamburger competitor of U.S. fast food chain McDonalds (nyse: MCD - news - people).
Rasulo, who oversaw the construction and opening of Euro Disney's second park, the Walt Disney Studios, is taking up a position as chief of parks and resorts for parent company The Walt Disney Co.
Copyright 2003, Reuters News Service