New CEO Bob Iger Quickly Restructuring Removing Loyal Chapek Executives
News - WDC 22-Nov-2022
News broke on Sunday that Bob Chapek has left the company and Bob Iger has returned as CEO. CEO Bob Iger (via SA) is wasting no time to begin reorganising the company. Kareem Daniel, the head of Disney Media, Entertainment and Distribution is stepping down, according to media reports - who was key lieutenant for now ex-CEO Bob Chapek. Over the next few weeks Bob Iger will begin implementing organisational and operating changes within the company, including giving the decision making powers back to the creatives in the company.
As we embark on the transformative work that I mentioned to you in my email last night, I want to begin by offering my sincere appreciation and gratitude to each and every one of you.
Over the coming weeks, we will begin implementing organizational and operating changes within the company. It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are. As you know, this is a time of enormous change and challenges in our industry, and our work will also focus on creating a more efficient and cost-effective structure.
I’ve asked Dana Walden, Alan Bergman, Jimmy Pitaro, and Christine McCarthy to work together on the design of a new structure that puts more decision-making back in the hands of our creative teams and rationalizes costs, and this will necessitate a reorganization of Disney Media & Entertainment Distribution. As a result, Kareem Daniel will be leaving the company, and I hope you will all join me in thanking him for his many years of service to Disney.
Our goal is to have the new structure in place in the coming months. Without question, elements of DMED will remain, but I fundamentally believe that storytelling is what fuels this company, and it belongs at the center of how we organize our businesses.
This is a moment of great change and opportunity for our company as we begin our second century, and I am so proud to be leading this team again. I can’t say it enough:
I’m incredibly grateful for the tremendous work you do each day, and for your commitment to maintaining the level of excellence Disney has always been known for.
I know change can be unsettling, but it is also necessary and even energizing, and so I ask for your patience as we develop a roadmap for this restructuring. More information will be shared over the coming weeks. Until a new structure is put in place, we will continue to operate under our existing structure. In the meantime, I hope you all have a wonderful Thanksgiving holiday and thank you again for all you do.
Join the FREE Mickey From The UK email club & never miss any of our Disney content
Tick the box to confirm you want to signup to our email club
HTML Link: Click the text box above which will highlight, and then copy/paste the link.
All Disneyland Paris packages bookings made by 2nd April 2023 will receive a FREE crossing with P&O Ferries when you arrive between 1st April and 30th September 2023.
Benefits of Coming by C... Read more >
The 30th anniversary continues... and the magic is shining brighter than ever! It's time to dream bigger, laugh louder and smile wider as the 30th Anniversary continues until the 30th September, ... Read more >
Mickey From The UK flew to the Walt Disney Company corporate headquarters in Burbank, California yesterday because Disney CEO Bob Iger and Disney Parks Experiences and Products Chairman Josh D'Am... Read more >
12,500 Disney Cast Members voted on a new contract offered by Disney after negotiations with the union, and 97% agreed to approve it. The deal includes a minimum of $17/hour for new and existing ... Read more >
Disneyland Paris has unexpectedly paused all sales of their annual pass, sort of like what they've been doing at Walt Disney World and Disneyland Resort. Disney have said they are suspending sale... Read more >
The Walt Disney Company is sadly letting 7,000 employees go by the summer. The WSJ reports that this will include the entire "metaverse" division. It'll also include scrapping the teams Bob Chape... Read more >
Disneyland Paris (division of The Walt Disney Company) has reported a record $2.6 Billion revenue for 2022 (via Forbes). Disneyland Paris revealed it made a $51 million (€47 million) operating... Read more >
Disney PhotoPass has announced a new "Video Memories" feature built into the My Disney Experience app. It takes your PhotoPass photos and creates videos for you to share. Video Memories is availa... Read more >
Disney has announced that on May 14th, 2023, Akershus Royal Banquet Hall at EPCOT will resume serving breakfast and lunch. The princess meet & greet restaurant reopened for dinner at the end of 2... Read more >