Film producer Siddharth Roy Kapur will soon be stepping down from his role as Managing Director and CEO of Disney India to start his own business.
Confirming this news in an email to his employees, Walt Disney International Chairman Andy Bird wrote a heartfelt goodbye to Kapur, who led the organisation graciously and performed his role brilliantly.
Here are the excerpts from the mail.
Dear Team,
One of the great satisfactions about working at Disney is the opportunity I have to work alongside diverse, talented and ambitious teams. Almost 12 months ago Sid spoke to me about the future and his personal ambition to start his own business and with that in mind he decided not to renew his contract that ends this December.
As you know, Siddharth is a pillar of the Indian entertainment industry and has been an admirable leader for our organization. He demonstrated passion and commitment for the Disney business. He has built a team that has carved a strong position for Disney in the Indian media and entertainment space that positions us well for the future.
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Under Sid's leadership since 2014, awareness and affinity for the Disney brand has increased substantially. The team released India's Highest Grossing Movie of All Time (PK) and India's highest grossing Hollywood movie of All Time (The Jungle Book); consolidated its position as the No.1 Kids television network in the country; has grown the consumer products business, emerging as India's largest branded licensor of consumer products; and finally, pioneered a new format of entertainment in the country by producing Disney's Beauty and The Beast, the first-ever Broadway-scale theatrical show to be mounted in India with a completely local cast and crew. We are immensely thankful of his service and wish him well in his next venture.
Andy
Andy Bird
Chairman, Walt Disney International.
On a related note, Mahesh Samat, the former CEO, will return to the position that he held between 2008 and 2012, and officially take charge on November 28.
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