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Bob Iger: Organisational & Operating Changes Coming As Creativity Is Brought Back In From The Cold

As the dust settles on the shocking boardroom moves late Sunday night that saw Disney CEO Bob Chapek fired, and ex CEO Bob Iger brought back as his replacement, Iger has revealed that both organisational and operating changes will be coming soon to the company.


Bob Iger is seen as the returning hero, back to save a battered and bruised Walt Disney Company, and it looks like he has hit the ground running in his first day back on the job.


Today, Monday, Iger has written to all Disney employees to update them on his plans for the company in the coming weeks.


Most notably Iger states that 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."


One of his first jobs Monday was to show Kareem Daniel, Chairman of Disney Media and Entertainment Distribution the door, Daniel was a loyal member of Chapek's inner circle, and his departure comes as no surprise, we now await further causalities of Iger's new rein as CEO, as he enforces his stamp of authority on the company.


Iger has already recruited Dana Walden, Alan Bergman, Jimmy Pitaro, and Christine McCarthy to work together on the design of a new company structure that puts more decision-making back in the hands of creative teams, and this is definitely great news, and will have many Disney fans breathing a sigh of relief that finally the company is in the right hands (again) !


Disney CEO Bob Iger

Here is the memo Iger sent to all Disney Company employees Monday:


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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