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Disney+ Head Steps Down To Become TikTok CEO

Kevin Mayer, head of Disney’s streaming services, resigned on Monday to become the chief executive of fTikTok.

Mr. Mayer, 58, will also serve as chief operating officer of ByteDance, the Chinese company that owns TikTok. “I was happy with my job at Disney,” Mr. Mayer said by phone. “The magnitude of this opportunity was just something I couldn’t pass up.”

Mr. Mayer’s departure from Disney is not entirely a surprise. Disney’s board of directors passed over him this year when it was looking for a successor for Robert A. Iger, who stepped down in February. This role instead went to Bob Chapek.

“Kevin has had an extraordinary impact on our company over the years,” Mr. Chapek said in a statement. “Having worked alongside Kevin for many years on the senior management team, I am enormously grateful to him for his support and friendship.”

Mayer’s biggest achievement at Disney was leading the development of Disney+ which now has over 55 million subscribers. Mayer also helped orchestrate Disney’s four major acquisitions alongside former CEO Bob Iger: Pixar, Lucasfilm, Marvel Studios, and 21st Century Fox.

Mayer’s role at Disney will be taken over by Rebecca Campbell, who has been named chairman of Disney’s direct-to-consumer efforts

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