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.
Walt Disney Imagineering has shared a new photo of Te Fiti at the upcoming Journey of Water, Inspired by Moana area at EPCOT.
This morning, our project team at Journey of Water, Inspired by Mo... Read more >
There's been plans created and a long rumoured new theme park coming to Kent for years now. The use of "Disney" in articles posted about it is simply to generate attention for it. Back in ... Read more >
Back in May 2022 the 2023 UK exclusive Magic Tickets got a £20-£40 price bump. Today, there's been another price increase alongside ticket price increases for US citizens. The price increases t... Read more >
Next week the My Disney Experience app will get an update which makes some changes to Genie+ & Lightning Lane. Currently, if you have a Genie+ Lighting Lane selection booked and you change your m... Read more >
Disney has announced today that the beloved Splash Mountain attraction will be closing on January 2rd, 2023. Throughout the 2023 and an unannounced period of time in 2024, the Splash Mountain... Read more >
It's no secret that Disney Village at Disneyland Paris needs to some TLC, and Disney is giving it just that! A little while ago Disney announced the huge transformation of Disney Village, and tod... Read more >
We recently sailed on the Disney Wish (which we will be publishing reviews soon) and couldn't be more disappointed with how the photo system works on Disney Cruises. On the Halloween night, we go... Read more >
For those who don't know, Disney's Caribbean Beach had a selection of pirate-themed rooms at the resort. These special themed rooms were created because they were at the back of the resort and ga... Read more >
Capital D is reporting (Via Scott Gustin) that the "Global Dream" ship - the partially complete cruise ship Disney Cruise Line purchased - was acquired for only €40million Euros. The initial ... Read more >
Disneyland Paris has announced the "Disneyland Paris Pride" event night will take place on June 17th, 2023, and tickets are now available.
Celebrate diversity at Disneyland Paris on 17 June 20... Read more >