On November 20th, The Walt Disney Company announced that Bob Iger would be taking over as CEO and Bob Chapek would be stepping down from the role.
Since then, celebrities and Disney fans have shared their thoughts on social media, stock is on the rise, and we found out more about why this change was made. Now, though, another Disney executive is leaving the company.
According to The Hollywood Reporter, Kareem Daniel, who was a Chairperson of Disney Media and Entertainment Distribution, is leaving Disney. Kareem Daniel was known as Chapek’s “right hand man” and is leaving after Chapek stepped down from the board and as CEO.
Wall Street analysts have been expecting a shift in Disney’s streaming division as Iger is set to help with the company’s streaming strategy.
Iger wrote a note to employees on Monday saying, “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.”
When Bob Chapek took over as CEO in February of 2020, he chose Daniel to be the head of the division after working with the company for 14 years at the time.
If you want to learn more about the situation, check out our articles below:
- BREAKING: Bob Chapek Stepping Down As CEO, Bob Iger Returns to Position
- NEWS: Disney Stock Prices Rise After Iger Announced as CEO
- Why Bob Iger Replaced Bob Chapek as Disney CEO
- “Welcome back to Disney” – What Everyone Is Saying About Bob Iger‘s Return as CEO
- Why Bob Iger‘s Return to Disney May Be Doomed From the Start
- What Could Actually CHANGE Due to Bob Iger’s Return as Disney’s CEO
- Disney SEC Filing Reveals CEO Bob Iger‘s New Salary
- Former Disney CEO Bob Chapek Will Reportedly Leave With Close to $23 Million
We’ll continue to keep you updated as Disney shifts its leadership.
Why Bob Iger’s Return to Disney May Be Doomed From the Start
Join the AllEars.net Newsletter to stay on top of ALL the breaking Disney News! You'll also get access to AllEars tips, reviews, trivia, and MORE! Click here to Subscribe!
What do you think about Kareem Daniel’s exit? Let us know in the comments.
Trending Now