Disney’s chairman, Daniel, to exit in planned restructuring

Published by
Reuters UK

(Reuters) -One day after returning to the company, Walt Disney Co Chief Executive Bob Iger moved to undo a corporate structure put in place by his hand-picked successor. In an email to employees on Monday, seen by Reuters, Iger said that as a result of the restructuring, Chairman Kareem Daniel will leave the company. Iger said the restructuring would result in a reorganization of Disney Media & Entertainment Distribution, a unit former CEO Bob Chapek formed to handle all film and television sales and distribution. Iger said the change would put decision-making back into the hands of creative e…

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