Disney executive named new CEO of TikTok

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…