TIKTOK HAS A NEW CEO: 

A Disney executive in charge of the company’s streaming services is leaving to lead the popular video sharing app TikTok.

Kevin Mayer, Disney’s head of direct-to-consumer business, was named CEO of TikTok, the app announced Tuesday. Mayer’s appointment is effective June 1.

He will also serve as chief operating officer of ByteDance, the Chinese company that owns the app.

“Kevin’s wealth of experience building successful global businesses makes him an outstanding fit for our mission of inspiring creativity for users globally,” ByteDance CEO Yiming Zhang said in the announcement.

“As one of the world’s most accomplished entertainment executives, Kevin is incredibly well placed to take ByteDance’s portfolio of products to the next level. I look forward to working very closely with Kevin on our global development and the next chapter of the ByteDance story,” the chief executive added.

In his role at ByteDance, Mayer will lead the company’s global development and oversee corporate functions including developments sales, marketing, pubic affairs, security, moderation and legal.

At Disney, Mayer oversaw the development and rollout of Disney+, the company’s streaming service that launched in November. He also led the company’s other direct-to-consumer businesses, including Hulu, ESPN+ and Hotstar.