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September 21, 2009

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Disney on lookout for new studio chairman

THE Walt Disney Co is searching for a new studio chief to take the reins following the abrupt resignation on Friday of longtime executive Dick Cook.

After nearly four decades with the company, Cook announced on Friday that he was stepping down immediately.

In a statement, Cook said, "I have been contemplating this for some time now and feel it's the right time for me to move on to new adventures and in the words of one of my baseball heroes, Yogi Berra, 'If you come to a fork in the road, take it.'"

Cook joined Disney in 1971 and moved up the ranks, becoming president of Buena Vista Pictures distribution in 1988. He became chairman of the studio in 2002.

"I have loved every minute of my 38 years that I have worked at Disney, from the beginning as a ride operator on Disneyland's steam train and monorail to my position as chairman of The Walt Disney Studios," he said.

The studio's recent movies, like "Race to Witch Mountain" and "Confessions of a Shopaholic" were box office disappointments.




 

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