FuboTV Inc. (NYSE:FUBO) shares are trading in positive territory on Monday following the official executive leadership transition that took effect on Friday.

The move follows the company’s Thursday announcement that it named Walt Disney Company veteran Alisa Bowen as CEO, succeeding co-founder David Gandler.

The Nasdaq is down 1.77% while the S&P 500 has shed 0.70%, and FUBO’s upside stands out against the sector’s 0.51% gain.

Gandler, who co-founded Fubo 11 years ago, resigned from the Board of Directors in accordance with his employment agreement.

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Pending Board approval after the Annual Meeting of Stockholders on July 28, Bowen is also expected to join the Board.

Bowen’s Media Background

Bowen brings nearly three decades of digital, product, and operational experience to the streaming platform. She spent approximately ten years at The Walt Disney Company, recently serving as President of Disney+. She was a founding member of Disney’s Streaming Leadership team, managing the global vision, operational buildout, and scaling of Disney+, Hulu and ESPN+.

Her prior experience includes executive roles at News Corporation, Dow Jones and Thomson Reuters.

Board And Executive Outlook

"Alisa is a proven operator who brings nearly 30 years of product, digital and operational experience, including leadership across Disney+, Hulu and ESPN+," said Andy Bird, Chairman of the Board.

"She has an established track record of driving global subscriber growth and profitability."

In a statement regarding the transition, Bowen said, "I am excited to lead Fubo in its next phase as we sharpen its strategy across sports, news and entertainment, accelerate growth and drive profitability."

Market Dynamics And Short Interest

The executive transition occurs alongside notable short interest data for the streaming provider. According to the latest reporting period, short interest in FuboTV increased from 6.92 million to 7 million shares.

This represents 24.14% of the company’s publicly available shares sold short. Based on the recent average daily volume of 1.69 million shares, the days-to-cover ratio stands at 4.14 days.

FUBO Price Action: FuboTV shares were up 9.69% at $10.07 at the time of publication on Monday. The stock is near its 52-week low of $7.95, according to Benzinga Pro data.

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