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Week in Review: SoftBank, TikTok, Disney and More

By Jade Cooper
Week in review
Week in review

This week, as some countries and some U.S. States moved to lift coronavirus restrictions, allowing people to return to work, most places still remain in some sort of lockdown, and major companies like Facebook and Spotify have announced long-term or permanent work from home policies for their employees.

Businesses are still trying to navigate the economic fall out of the coronavirus pandemic, with many, like Disney’s Parks Division, announcing executive leadership shake ups and mass redundancies. Some companies however, like meal delivery service Blue Apron and SaaS platform Algolia, are rearranging their leadership to deal with a different type of coronavirus “fall out” - surging growth.

TikTok Names High Profile Disney Executive as its Global CEO

Viral short-video social media app TikTok finally named its new CEO - it is Disney's head of streaming services, Kevin Mayer. Mayer will also take over as the COO of ByteDance, the China-based parent company of TikTok. Read more here.

Disney Reshuffles its Parks and Product Leadership

Disney appointed Josh D’Amaro as the new Chairman of Disney Parks, Experiences and Products, amongst a major revamp of the Parks leadership. D’Amaro and his new team will lead the company’s efforts to reopen its iconic resorts, most of which are currently closed due to the coronavirus. Read more here.

Alibaba’s Jack Ma Exits SoftBank’s Board

Japanese conglomerate SoftBank Group has announced that Alibaba Founder Jack Ma will leave the company’s Board of Directors on June 25. Ma has served on SoftBank’s Board since 2007. Read more here.

Blue Apron Reorganizes Leadership Amid Surge in Demand

Meal kit service Blue Apron announced that Chief Operating Officer Alan Blake is leaving the company, with his duties to be divided between VP of Operations Jason Hatcher and VP of Procurement and Supply Chain Greg Wysocki. Read more here.

Algolia Gains New CEO to Guide Growth

Algolia, a French search-as-a-service startup, announced that Bernadette Nixon will replace Nicolas Dessaigne as its new CEO. Read more here.

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