Active Stocks
Tue Mar 19 2024 14:11:06
  1. Tata Consultancy Services share price
  2. 3,990.00 -3.73%
  1. Tata Steel share price
  2. 149.50 -0.07%
  1. Bharti Airtel share price
  2. 1,232.20 0.58%
  1. Power Grid Corporation Of India share price
  2. 260.30 -1.77%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Companies / News/  Walt Disney restructures APAC leadership team
BackBack

Walt Disney restructures APAC leadership team

The company recognizes the need for a sharp focus on building deeply local businesses
  • The restructuring has come about as a result of Disney’s purchase of Rupert Murdoch’s 21st Century Fox Inc
  • North Asia will be led by Luke Kang who will look after business including direct country management of Mainland China and Japan. Photo: APPremium
    North Asia will be led by Luke Kang who will look after business including direct country management of Mainland China and Japan. Photo: AP

    NEW DELHI : The Walt Disney Co. announced a major reshuffle to its leadership team for the APAC (Asia Pacific) and Middle East region on Monday. The restructuring has come about as a result of Disney’s purchase of Rupert Murdoch’s 21st Century Fox Inc. for about $52.4 billion in stock in December 2017.

    “It is a momentous opportunity to be able to chart the course of The Walt Disney Co. in Asia Pacific and Middle East. While our region is experiencing tremendous change, the common thread that binds it together is the exciting opportunity it presents to build on the great businesses that we have today and create transformational businesses of tomorrow," said Uday Shankar, chairman, Star and Disney India, and president, The Walt Disney Co. Asia Pacific, in a statement.

    The company recognizes the need for a sharp focus on building deeply local businesses. To achieve this, it is making some changes to the current market structure, Shankar said. This will allow it to serve the strategic agenda in each market and enable its exceptional leaders to build even greater and more successful businesses. Above all, this will facilitate its transformation into a direct-to-consumer company that rests on deep local foundations.

    North Asia will be led by Luke Kang who will look after business including direct country management of Mainland China and Japan. Sanjay Gupta will be country manager of India and will also have direct responsibility for the studio business in the country while K Madhavan will lead Star India’s regional language media networks. Amit Malhotra will lead emerging markets and content sales for APAC (except North Asia). Chafic Najia will be country manager of Middle East media cluster while Kylie Watson-Wheeler will continue to serve as country manager of Australian and New Zealand (ANZ) business with direct responsibility for media networks and direct-to-consumer. Kurt Rieder will lead the studio business for APAC (except India).

    As far as functional leads go, Sanjay Jain and Amita Maheshwari will lead finance and human resource respectively. Anju Jain Kumar will be the chief regional counsel for North Asia and ANZ while Deepak Jacob will be the chief regional counsel for India, South East Asia and Middle East.

    “Our true strength comes from the quality and diversity of our talent, which combines the best of both Disney and 21st Century Fox. I am privileged to lead a team of such exceptional leaders and congratulate all of them on getting this exciting opportunity to lead this great company to an even greater destiny," Shankar said in a statement.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    ABOUT THE AUTHOR
    Lata Jha
    "Lata writes about the media and entertainment industry for Mint, focusing on everything from traditional film and TV to newer areas like video and audio streaming services. She loves movies and spends a lot of her free time watching them, which makes her job both fun and a bit of a challenge. Lata tries to find and write about things in the entertainment world that most people don't notice, even though a lot of people in her country are really into movies and entertainment news often just talks about the glamorous side of things. "
    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 01 Apr 2019, 09:38 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App

    Chat with MintGenie