The Walt Disney Company (DIS.N), in the midst of an “epidemic crisis”, mobilized many executives on the Disneyland, Experience and Product business lines.

On May 18th, local time in the United States, Disney CEO Bob Chapek announced that he would establish a new Disneyland, experience and product Leadership team, led by Josh D’Amaro.

Josh has been appointed as the chairman of Disneyland, Experience and Products, replacing Bob ’s original position. This position is in charge of Disney’s largest business segment, with more than 170,000 employees worldwide.

In addition, the newly appointed senior executives of Disneyland, Experience and Product Department include: Rebecca Campbell, as the direct service of Disney Company Consumer and International Chairman; Jeff Vahle (Jeff Vahle) as President of Walt Disney World Resort (Orlando Disney Resort, USA); Ken Potrock as President of Disneyland Resort (Disney Resort, California, USA); Cary Kareem Daniel becomes president of consumer products, games and publishing; Thomas Mazloum becomes president of Disney Signature Experience.


All old Disney employees

From the resumes of these six new executives, they are all “old employees” of the Disney company. Have extensive experience in Disneyland, experience and product department positions or other positions.

D’Amaro, who joined Disney in 1998, was the president of Walt Disney World Resort before this promotion. Previously, he also served as the president of Disneyland Resort . After serving as President of Disneyland, Experience and Products, he will be responsible for Disney ’s iconic tourism and leisure businesses, including six theme park resorts in the United States, Europe and Asia, cruise lines, Disney ’s global consumer products business, and Disney ’s global operations Stores, e-commerce platforms boarded multiple businesses.

Campbell has worked at Disney for 23 years and has served as a leader in Disney ’s media, international and park businessJob title. Prior to this appointment, she was the president of Disneyland Resort. After serving as Chairman of the Direct Services Consumer and International Department, she will oversee Disney ’s global streaming business, including Disney +, ESPN +, Hulu and Hotstar. In addition, Campbell will also be responsible for the company’s international business, including Disney’s International Channel, Fox International Networks and Star India.

It is worth mentioning that the original chairman of the Direct Service Consumer and International Department was Kevin Mayer, who was recently “digged” to the byte beat the company. On May 19th, ByteDance announced that he was appointed as the Chief Operating Officer (COO) of ByteDance and the global CEO (CEO) of TikTok, the leading product of ByteDance overseas. Executive Officer (CEO) Zhang Yiming reports. This appointment will take effect on June 1, 2020.

In fact, Meyer was originally considered a popular candidate for Disney CEO. During his tenure as Chairman of the Direct Services Consumer and International Department, he successfully launched Disney +, a streaming service for Disney +, which has now exceeded 50 million paid subscribers worldwide. However, in February of this year, Disney announced a change of coaching, the original CEO Robert A. Iger (Robert A. Iger) became executive chairman, the original Disneyland chairman Bob Bo became the new CEO of Disney, Mayer did not have “upper position.”

Waller was originally the President of the Disney Signature Experience. In his new position as President of the Walt Disney World Resort, he will be responsible for all operations of the Orlando Disney Resort, including 4 Theme parks, two water parks, 28 resort hotels, 4 golf courses, ESPN Universal Sports Complex, and entertainment, shopping and dining complex Disney Springs.

He joined Disney in 1990 and has been with Disney for 30 years. It is understood that in his previous work, he led several key growth businesses in the Disneyland, Experience and Product divisions.

Formerly the president of Disney ’s consumer products business, he has worked at Disney for nearly 25 years and has 20 years of management experience. After serving as president of the Disneyland Resort, he will manage two theme parks, three resort hotels, and a 20-acre (approximately 80,000 square meters) entertainment, retail, and shopping area at the Disney Resort in California.

Previously, Potrock had also developed, revitalized and transformed manyDisney’s property and business are known for achieving sustained and dynamic growth. In 2015, Potrock led the expansion and replanning of Disney Springs.

Kareem Daniel used to be the president of Disney ’s image design business operations, product creation, publishing and gaming business. The domestic experience in publishing and gaming promotes the Disney brand.

Recently, Daniel is responsible for the global design and delivery of all Disney parks, attractions, resorts and cruise ships, and manages world-class talent. He also led the product development of commodities, including toys, fashion clothing and accessories, household items, consumables, and health and beauty; created video games and interactive products and experiences; and Disney Publishing Company.

It is understood that Daniel initially joined Disney as an MBA intern, and later he became a senior business planner in the company ’s financial planning and analysis. After that, he engaged in stock research and investment banking at Goldman Sachs and later returned to Disney.

Thomas Mazloum is the former Senior Vice President of Transportation Operations at Walt Disney World Resort and Resort. After becoming president of Disney Signature Experience, he will manage businesses including Disney Cruise, Disney Vacation Club and Disney Adventure Business.

Mazloum, who began his Disney career in 1998, was the hotel director of Disney Cruises. Previously, he managed 28 resort hotels and transportation operations at the Walt Disney World Resort.


There are still no restart schedules for five Disney parks

Since the outbreak of the new coronary pneumonia outbreak earlier this year, affected by the closure of the theme park, Disney ’s Finances are also greatly affected.

According to the unaudited financial report for the second quarter of fiscal year 2020 as of March 28 released by Disney on May 5, Disney ’s second quarter operating income was US $ 18.009 billion , A year-on-year increase of 20.69%; net profit of 460 million US dollars, a year-on-year decrease of 91.56%.

Among them, from the perspective of Disney ’s business segments,Only the revenue from the Paradise, Experience and Product segments recorded a year-on-year decrease in the second quarter of fiscal 2020, at US $ 5.543 billion, a 10.18% year-on-year decrease.

As of now, apart from Shanghai Disneyland has been reopened, the other five Disney theme parks around the world are still closed.

Disney pointed out in the financial report that the duration of the business shutdown and other impacts related to the new coronary pneumonia epidemic and the duration of the impact on the company ’s operating cash flow are both There is a lot of uncertainty, “These effects on our operating cash flow may require us to borrow more from other financing resources.”

Moreover, Disney said that even After restarting or resuming some operations, it may continue to be adversely affected by the government’s mandatory restrictions and the measures taken voluntarily by the company. Therefore, it will still affect the company’s future profitability.

In fact, Disney has taken a number of measures to mitigate financial losses, including the issuance of commercial paper, additional credit lines, suspension of some capital projects, and over 12 Ten thousand employees took unpaid leave, etc. At the same time, Disney has also reduced the salaries of a large number of executives, including the new CEO Chapek cut his salary by 50%.

However, Shanghai Disney ’s reopening is at least a positive sign. Previously, at 8 a.m. on May 8th, tickets for Shanghai Disneyland were reopened, and within one hour, tickets for the first day of Shanghai Disneyland on all platforms were sold out.

And as Disney Springs will reopen in stages starting May 20, three Disney businesses will also return on May 27, including: Disney World, restaurant D-Luxe Burger, supermarket Co-Op.