Week in Review: SoftBank, TikTok, Disney and More
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
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
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