MUMBAI: As Marvel Entertainment prepares to hand over the keys of its comic book kingdom to Disney, it has started effecting major staff changes in its films division.

In a major move, Louis D‘Esposito has been elevated from the post of president of physical production to co-president of the studio. He will work along with Kevin Feige to oversee the studio‘s production schedule. The twosome will report to Marvel Entertainment CEO Ike Perlmutter.

D‘Esposito had been in an important position and was overseeing the budgets and timelines of Marvel‘s slate of self-financed films, including the Iron Man franchise, The Incredible Hulk reboot, as well as Thor, The First Avenger: Captain America and The Avengers. 

Talking about D‘Esposito Feige said, "an incredible friend and collaborator, and his expertise within the film industry steering the budgetary and operational demands of moviemaking is instrumental in taking our characters from the pages of comic books to the big screen."

D‘Esposito served as an executive producer on Iron Man and its sequel.