MAM
Walt Disney Parks & Resorts names Bob Chapek as chairman
MUMBAI: Bob Chapek has been named chairman of Walt Disney Parks and Resorts.
A 22-year veteran of The Walt Disney Company, Chapek has served since 2011 as president of Disney Consumer Products, driving a technology-led transformation of the company’s consumer products, retail and publishing operations. He assumes his new role effective immediately.
“Under Bob’s leadership, Consumer Products has seen great success, focusing on brands and a franchise-driven strategy while launching new products and retail experiences that combine technological innovation and creativity. He is an experienced and versatile executive well-suited to lead Parks and Resorts into the future,” said The Walt Disney Company chairman and CEO Robert A. Iger.
As chairman of Parks and Resorts, Chapek succeeds Thomas O. Staggs, who was named Disney’s chief operating officer earlier this month. Chapek will report to both Iger and Staggs.
“Bob is stepping into this role at an incredibly dynamic and exciting time for our Parks and Resorts business. The ongoing construction of Shanghai Disney Resort as well as the new Avatar-themed land at Walt Disney World continues an era of unprecedented growth and historic expansion,” Staggs said.
“I am grateful for the many opportunities I have had during my years at Disney, and am thrilled to join the incredible Disney Parks organization. I look forward to working with the remarkably talented team dedicated to creating magical memories for millions of guests around the world,” Chapek added.
A successor to Chapek at Disney Consumer Products will be named at a later date.
Prior to leading Disney Consumer Products, Chapek served as president of distribution for The Walt Disney Studios from 2009 to 2011, and was responsible for overseeing the Studios’ overall content distribution strategy across multiple platforms including theatrical exhibition, home entertainment, pay TV, digital entertainment and new media. He also served as president of Walt Disney Studios Home Entertainment, where he spearheaded the successful “vault strategy” for the company’s iconic films and transformed the primary format of home entertainment from DVD to Blu-ray.
Before joining Disney in 1993, Chapek worked in brand management at H.J. Heinz Company and in advertising at J. Walter Thompson.
MAM
Dish TV shareholders approve three independent directors
99.49 per cent vote of confidence strengthens board as company expands into connected TV, e-commerce and OTT.
MUMBAI: Dish TV has just been served a near-perfect vote of confidence and the shareholders have dished it out in style. Shareholders of the DTH operator have approved the appointment of three new Independent Directors with an overwhelming 99.49 per cent approval. The three appointees are Mr Arun Kumar Kapoor, Ms Heena Naishadh Bhatt and Mr Ashok Anant Paranjpe.
The strong mandate reflects continued investor faith in the company’s strategy, disciplined execution and long-term value creation. It comes as Dish TV focuses on stabilising its core DTH business while actively scaling new verticals connected TV platform VZY, B2B e-commerce ShopZop, and OTT service Watcho to build a more diversified and resilient growth trajectory.
Dish TV India Limited, CEO & executive director Manoj Dhobhal said, “We are encouraged by the shareholders’ approval of the appointment of the Independent Directors and sincerely thank them for their continued trust and confidence. The Board is already benefiting from the Directors’ collective experience, which will further sharpen strategic focus and support disciplined execution.”
With a fresh, strengthened board in place, Dish TV is well positioned to navigate the evolving media landscape. In a sector where every percentage point matters, a 99.49 per cent thumbs-up is the kind of ringing endorsement that suggests the company’s recipe for the future is already tasting right.
