: Top Disney exec Kareem Daniel to leave as Bob Iger returns

by | Nov 21, 2022 | Stock Market

Kareem Daniel, the chairman of Walt Disney Co.’s vast media and entertainment distribution segment, is leaving the company as part of an organizational reshuffling that comes a day after Robert Iger returned as chief executive, according to a company note to employees viewed by MarketWatch. The move marks the departure of one of the top executives appointed under former CEO Bob Chapek, who was ousted Sunday as a part of Iger’s appointment to the top role. Chapek took over for Iger as Disney
CEO in 2020.

Iger, in the memo, said Disney would soon begin “organizational and operating changes” to save on costs and, he said, give creative teams more influence. “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,” Iger said in the memo. “As a result, Kareem Daniel will be leaving the …

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