Sherwood will be responsible for all editorial, programming and digital aspects of ABC News programs.
"Ben's proven success in the news business, along with his entrepreneurial spirit, creativity, and keen intellect make him the ideal choice to lead ABC News into the future," said Anne Sweeney, co-chair of Disney Media Networks and president of Disney/ABC Television Group.
"It's a great honor and privilege to be asked to lead this amazing news organization and I am humbled by the opportunity," said Sherwood. "For more than 20 years, I've known firsthand of the passion, excellence and integrity of the people who work for ABC News."
Disney is the parent company of KABC-TV.