Ankit Gupta, the India CEO of hospitality technology platform Oyo, and Mandar Vaidya, the head of Oyo’s European operations, will both be moving on from the company.
25.08.2023 - 14:39 / skift.com / Bob Iger / Peden Doma Bhutia / Josh Damaro / Bob Chapek / Cruises
The Walt Disney Company on Sunday announced that Bob Iger is returning to lead Disney as CEO, effective immediately. Iger succeeds Bob Chapek, who, the company said, has stepped down from his position.
Having spent more than four decades at the company, including 15 years as CEO, Iger continued to direct Disney’s creative endeavors until his departure as executive chairman last December.
Iger has agreed to serve as Disney’s CEO for two years. During this period, he would be working closely with the board in developing a successor to lead the company at the completion of his term, Disney said in a statement.
The board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely suited to lead the company through this pivotal period, said Susan Arnold, who continues to serve as the chairman of the board.
Robert A. Iger named Chief Executive Officer of The Walt Disney Company: https://t.co/qvG1ZB8cvR pic.twitter.com/nV41l8OMEW
Commenting on his return as the CEO, Iger said, he would be leading the team with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.
Arnold also commented on Chapek’s service to Disney over his long career, specially helping the company to navigate through the unprecedented challenges of the pandemic.
Even as Disney Parks had reported a record quarter for the period ending October 1, the parent company reported weaker than-expected-quarterly earnings and had been planning a hiring freeze, job cuts and other expense cuts.
A CNBC report this month had quoted an internal memo from Chapek laying down plans to institute a targeted hiring freeze as well as some job cuts.
During his 15 years as CEO, from 2005 to 2020, Iger expanded on Disney’s legacy with the acquisitions of Pixar, Marvel, Lucasfilm, and 21st Century Fox.
It’s extremely rare for a company to make it to 100 years old, especially in this era of global competition. Watch Disney Parks, Experiences and Products Chairman Josh D’Amaro discuss how the company will continue to thrive and push boundaries around storytelling and experiences.
Ankit Gupta, the India CEO of hospitality technology platform Oyo, and Mandar Vaidya, the head of Oyo’s European operations, will both be moving on from the company.
It must be down there, buried deep. The still-beating heart of National Geographic. The spirit that once inspired every traveler’s soul.
Clearly Vinod Kannan, the CEO of Vistara, may have had to field this question on the possible Vistara-Air India merger one too many times.
Jongyoon Kim, the CEO of South Korea-based superapp Yanolja, sees Tesla as the metaphor for its company highlighting how the electronic vehicle company has been rethinking the entire value chain.
The first tremors of economic slowdown are beginning to be felt in the travel industry: even though Disney Parks had a record quarter, the overall parent company had a disappointing quarter in its other businesses and is now planning a hiring freeze, job cuts and other expense cuts. As part of that, CNBC reports that in a memo sent by Disney CEO Bob Chapek today, the company is cutting back on business travel as well as travel for events and internal meetings.
Josh D’Amaro, Disney Parks, Experiences and Products Chairman, could become the next CEO of The Walt Disney Company.
Indian carrier Vistara reported its first-ever net profit for the quarter ending December 2022, according to statement from the airline on Monday.
Online travel agency Trip.com Group hopes that cross-border travel capacity for China will be back to normal by the third quarter of this year.
Walt Disney Corporation CEO Bob Iger is optimistic about the future of Disney theme parks, even as he announced his company was cutting 7,000 jobs from its workforce, reorganizing and slashing $5.5 billion in costs during Wednesday’s first quarter earnings call.
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