Alisa Bowen, who has served as president of Disney+ since 2022, will leave that role to become CEO of Fubo, Disney’s majority-owned Internet TV streaming service.

Fubo announced Thursday that its board of directors appointed Bowen as chief executive officer, effective July 10. She succeeds David Gandler, co-founder of FuboTV, who led the company as CEO for more than a decade. Gandler will also leave Fubo’s board of directors.

The CEO change comes after Disney and Fubo last fall closed their deal to merge Hulu + Live TV operations with Fubo, with Disney owning a 70% stake in the new company.

It’s not immediately clear if Disney will name a replacement for Bowen at Disney+. The media giant now operates as a unified streaming business. Joe Earley currently serves as president direct-to-consumer at Disney Entertainment, overseeing Disney+ and Hulu, alongside Adam Smith, chief product and technology officer for Disney Entertainment and ESPN.

Bowen has held leadership roles at Disney for nearly 10 years, most recently serving as president of Disney+. Previously, Bowen was a founding member of Disney’s streaming leadership team, leading the strategy, development and expansion of Disney+, Hulu and ESPN+. Prior to joining Disney, Bowen held leadership positions at News Corp, Dow Jones and Thomson Reuters.

“Following the combination with Hulu + Live TV last year, Fubo has reached a pivotal moment in its strategic evolution, with a compelling pay-TV platform, a strong content portfolio and a unique integration into the Disney ecosystem,” said Andy Bird, chairman of Fubo, the British media executive who was previously chairman of Walt Disney International and CEO of publisher Pearson.

Bird continued, “Alisa’s appointment is the culmination of a thoughtful process led by the Board’s independent directors to find the next leader to drive Fubo’s strategy and performance. Alisa is a proven operator who brings nearly 30 years of operational, digital and product experience, including leadership at Disney+, Hulu and ESPN+. She has an established track record of driving global subscriber growth and profitability, and we look forward to benefiting from her experience and insights as Fubo enters its next chapter.”

Bowen said in a statement: “I’m excited to lead Fubo in its next phase as we sharpen its strategy across sports, news and entertainment, accelerate growth and drive profitability, while delivering even greater value to Fubo and Hulu + Live subscribers, our advertisers and our content partners. I look forward to working closely with this talented leadership team to strengthen Fubo as an industry leader and create significant value for all of our shareholders.”

Gandler said in a statement provided by Fubo: “It has been an honor to lead Fubo since I co-founded the company, and I am incredibly proud of everything our team has accomplished over the past 11 years… I look forward to the company’s continued growth and success in the months and years to come.”

Bowen is also expected to join Fubo’s board subject to board approval following the company’s annual shareholder meeting on July 28.

Bowen, 53, earned a bachelor’s degree in public relations from the Royal Melbourne Institute of Technology and an MBA with distinction from London Business School.

According to a Fubo filing with the SEC, Bowen’s annual base salary will be $1.575 million and he will be eligible to receive an annual performance bonus, with his target bonus being 120% of his base salary and his 2026 bonus being prorated to reflect the portion of the year during which he works at the company.

Additionally, his employment agreement also provides that Bowen will be granted a grant of restricted stock units of the company at the beginning of his employment valued at $3.5 million. It is scheduled to vest more than three years after the grant date and is “intended to compensate Ms. Bowen for her unvested equity awards she lost upon separating from her employment at Disney,” according to Fubo’s filing. Bowen will also receive an annual equity award for 2026 valued at $8 million plus a one-time bonus of $1.1 million if she remains employed with the company through December 31, 2026.