Disney CEO Bob Iger says in memo that organizational and operational changes are coming soon

New Disney CEO Bob Iger wrote to employees this evening to update them on his plans for the coming weeks.

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

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

Iger enlisted Dana Walden, Alan Bergman, Jimmy Pitaro, and Christine McCarthy to work together on designing a new structure that puts more decision-making back into the hands of the creative teams.

Here is the full memo.

Dear DMED employees,

As we begin the work of transformation that I told you about in my email last night, I want to start by offering my sincere appreciation and gratitude to each of you.

Over the next few weeks, we will begin to implement organizational and operational changes within the company. I intend 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 tremendous change and challenge in our industry, and our work will also focus on creating a more efficient and profitable structure.

I’ve asked Dana Walden, Alan Bergman, Jimmy Pitaro and Christine McCarthy to work together on designing a new structure that puts more decision-making back into the hands of our creative teams and streamlines costs, and that will require 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 put the new structure in place in the coming months. Undoubtedly, elements of DMED will remain, but I fundamentally believe that storytelling is what drives this business, and it belongs central to how we organize our business.

This is a time of great change and opportunity for our company as we enter our second century, and I am very proud to lead this team once again. I cannot say it enough: I am extremely grateful for the wonderful work you do every day and for your commitment to maintaining the level of excellence for which Disney has always been known.

I know change can be destabilizing, but it is also necessary and even energizing, 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

Aubrey L. Morgan