Disney CEO Bob Iger Warns Of ‘Restructuring’ In Memo To Employees

  • Iger’s memo emphasized that the reorganization of Disney Media & Entertainment Distribution (DMED) will result in “a new structure that puts more decision-making back in the hands of our creative teams and rationalizes costs.”
  • The reorganization includes the departure of Kareem Daniel, the chairperson of DMED who had worked closely with former CEO Bob Chapek, whose tenure at the helm was preceded and succeeded by Iger.
  • The memo didn’t offer a precise timeline for the changes, but Iger wrote that the “goal is to have the new structure in place in the coming months” and said more information will be shared “over the coming weeks.”