Disney Leadership Changes: Organizational Shuffle Underway Amid Entertainment Layoffs
Disney (DIS) has reorganized its leadership structure after the departure of Catherine Powell, president of Disney Parks West. Powell’s position was reportedly eliminated after almost two years of being created.
Bob Chapek, chairman of Disney parks, experiences, and products told CNBC, that the decision to eliminate Powell’s position, which was created for the integration of Fox and the company’s publishing, gaming and merchandise business, was a mutual decision. Power was reportedly with the company for 15 years.
The new leadership changes now have Rebecca Campbell, who was president of Europe, Middle East, and Africa for the direct-to-consumer and international segment of its business, heading Disneyland Resort, starting in November, CNBC said.
Josh D’Amaro reportedly moves from president of Disneyland Resorts to overseeing Walt Disney World Resort, starting in November while Disneyland Paris will be led by Michael Colglazier, who previous served as the head of Disney parks and resorts in Asia.
Also, moving to a new position is George Kalogridis, who is now the president of Disney segment development and enrichment. He previously led Walt Disney World Resort for six years and started with the company in 1971 as an original cast member, the news outlet said.
Disney has seen its park attendance dwindle by 3 percent in fiscal Q3, which the company said was a result of attendees’ fear of long lines from the new Galaxy’s Edge attraction and higher ticket prices. The company also laid off an undisclosed number of entertainers at its parks.
Shares of Disney stock were down 2.72 percent as of 11:21 a.m. ET on Thursday.
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