Lasseter, who is also the Chief creative officer of Disney's Pixar, broke the news on Friday at D23 expo here.
Lasseter invited Cooley to the stage, revealing that the "Riley's First Date?" helmer has assumed full responsibilities of the film.
The pair brought with them a behind-the-scenes look taken at Pixar headquarters that introduced the movie's crew.
Lasseter may have left the direction to Cooley but he will be producing the film along with Jonas Rivera.
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