Uday Shankar steps down from Disney Star India to pursue an entrepreneurial endeavour
Uday Shankar's resignation will go into effect on December 31, 2020. He will closely work with Disney’s Direct-to-Consumer & International Segment to find his successor and ensure a smooth transition.
Uday Shankar has decided to step down as the president of Walt Disney Company APAC and chairman, Star & Disney India to persevere with entrepreneurial endeavours. Rebecca Campbell, chairman of Disney’s Direct-to-Consumer and International segment made the announcement. His resignation will go into effect on December 31, 2020. Over the next three months, Uday will work closely with Campbell to find his successor and ensure a smooth transition.
In an official statement, Campbell said, "I want to thank Uday for his leadership and dedication to our APAC business. With the successful launch of Disney+ throughout the region, he has helped put The Walt Disney Company in a commanding position in this dynamic and incredibly strategic part of the world. His vast experience and expertise have been invaluable in bringing together a strong, cohesive APAC leadership team to chart a path forward for our streaming businesses in the region and beyond."
Further, she went to mention, “Uday has been a great friend, colleague and valued counsellor to me personally, and I know I speak for all of DTCI when I say he will be greatly missed. At the same time, I understand and respect his desire to make this change. I am extremely grateful that he has agreed to stay on to help ensure a seamless transition."
Talking about the big decision, Uday Shankar asserted, “I have always believed in the power of creativity and cutting-edge technology to create a better world and consider myself incredibly fortunate to have had the opportunity to do so at Star, 21CF and now at The Walt Disney Company. As I look back on this journey, I take pride in having set ambitious goals in my professional career and achieving all that we set out to do. For some time now, I have been contemplating the question of how I give back to the country, community and the industry that has given me so much. I think the best way to express my gratitude to all of them will be to support and mentor a new generation of entrepreneurs as they set out to create transformational solutions that will have a positive impact on countless lives. I intend to partner with global investors and pioneers to achieve this.”
Since February 2019, he was the president of the Walt Disney Company APAC and chairman, Star & Disney India. Shankar has previously served as the president of 21st Century Fox for Asia and the chairman and CEO of Star India. He took over the leadership of Star India in 2007 and played a significant role in transforming Star business into one of the most successful media companies in Asia.
Uday Shankar previously worked as the CEO and editor of Star News, which was the first 24-hour news channel in India. He was also the editor and news director at TV Today Group. He was also the former president of Indian Broadcasting Federation (IBF) and currently is the senior vice president of FICCI (Federation of Indian Chambers of Commerce and Industry) and in line to take over as its next president.
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