Disney CEO Bob Iger says in memo that organizational and operating changes will be coming soon

17 days ago in "The Walt Disney Company"

Posted: Monday November 21, 2022 5:45pm ET by WDWMAGIC Staff

Disney's new CEO Bob Iger has written to employees this evening to update them on his plans for the coming weeks.

Notably, Iger says he intends to implement organizational and operating changes to restructure things in a way that "honors and respects creativity as the heart and soul of who we are."

Kareem Daniel, Chairman of Disney Media and Entertainment Distribution, is the first casualty of Iger's arrival. Kareem was a loyal member of Chapek's team, and his departure comes as no surprise.

Iger has recruited 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 creative teams.

Here is the full memo.

Dear DMED Employees,

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.

Bob

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lazyboy97o5 hours ago

“98% of statistics quoted on the internet are made up.” - Abraham Lincoln

Casper Gutman5 hours ago

Man, I cannot wait for the MCU X-Men.

LittleBuford6 hours ago

Majority of whom?

_caleb6 hours ago

Majority of what?

Laketravis6 hours ago

You might peruse some of the opinions outside of this WDW Magic echo chamber. An alarming majority specifically cite this "woke mentality" as their reason for no longer supporting Disney.

_caleb6 hours ago

Maybe reanimated minions of She Who Shall Not Be Named?

OrlandoRising8 hours ago

Is it me or are there more than the usual amount of these just-created spam accounts posting in this thread?

Lilofan8 hours ago

When the incoming CEO from the outside or inside came in to replace temporary Iger in 2 years and Christine doesn't resign like Mayer, Staggs and Rasulo who were passed over, it is probable when the new guy comes , the first head on the chopping block would be hers.

Casper Gutman10 hours ago

Come on... she didn't do that without being quite sure what the outcome would be.

SteveAZee12 hours ago

She's good.

"El Magnifico"12 hours ago

I heard it was gonna be the Harmonius Grand Finale. He walks out through the Stargate.

MisterPenguin12 hours ago

McCarthy did what people wanted every underling to do in the face of bad leadership... Instead of being just a yes person, she went to the Board and threatened to quit unless they fired Chapek. So, how's that for action?

Trauma13 hours ago

Yeah they all say the things people want to hear. I only care about what they do.

Tony the Tigger13 hours ago

Then they’re likely not trying to get you back.