Connelly was svp operations at DCL before moving to Walt Disney Imagineering last year.
Holz's retirement is effective Feb. 15. Connelly will return to DCL and New Vacation Operations in October this year to ensure a smooth transition.
'Karl is a truly exemplary Disney leader who has directed major expansion for our cruise business and other parts of our vacation portfolio during his more than 20 years with our company,' said Bob Chapek, chairman, Walt Disney Parks & Resorts.
'His commitment to excellence and relentless focus on creativity have served Disney well,' Chapek continued, 'and his passion for doing what is best for our cast, crew and guests is second to none. All of us at Disney appreciate everything Karl has done to make Disney magic on a global scale.'
Holz was made DCL president in 2003. In 2004, he moved to Paris as president and ceo of Euro Disney. He was appointed to his current position in early 2009 and has presided over the successful introductions of new ships Disney Dream in 2011 and Disney Fantasy in 2012, among numerous other accomplishments.
Connelly's 27 years with Disney include serving in senior leadership roles in finance, cruise operations and, most recently, Walt Disney Imagineering.
'I know that Anthony’s business acumen and his commitment to delivering only the best possible guest experience will enable our teams to continue innovating and delighting the families who vacation with us,' Chapek said.