Uday Shankar will remain with Disney’s Direct-to-Consumer & International Segment through the end of 2019 to help identify his successor and ensure a smooth transition.
Uday Shankar will step down as president, The Walt Disney Company APAC and chairman, Star & Disney India, effective as of December 31, 2020. The announcement was made by Rebecca Campbell, chairman of Disney’s Direct-to-Consumer & International segment. Over the next three months, Shankar will work closely with Campbell to identify his successor to ensure a smooth transition.
“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,” said Campbell.
She added, “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.”
Commenting on his decision to step down, Shankar said, “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,” he added.
Since February 2019, Shankar has served as president, The Walt Disney Company APAC and chairman, Star & Disney India. Previously, he was president of 21st Century Fox for Asia and the chairman & CEO of Star India. He took over the leadership of Star India in 2007 and played a significant role in revolutionizing the media landscape of the region with a great team, audacious strategy and meticulous execution.