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Disney Creates Asian Management Position

Walt Disney Co. on Tuesday announced the creation of an executive position to coordinate business efforts in Asia, a move that underscores the importance of the region to Disney’s growth strategy. The Burbank entertainment and media company named Paul Candland as president of Walt Disney Co. Asia, where he will oversee efforts in Japan, Korea, Southeast Asia and greater China. Candland has been with Disney in various positions in Japan since 1998. Additionally, Stanley Cheung was promoted to chairman of Walt Disney Co. Greater China, and Luke Kang has taken over as managing director to replace Cheung. Disney Chief Executive Robert Iger said the management changes are designed to ensure the company maximizes its opportunities today and in the future. “This new structure will bring greater focus and the ability to share best practices across businesses and countries as we grow strategically in Asian markets,” Iger said in a prepared statement. In addition to being a major market for its feature live-action and animated films, Disney operates Hong Kong Disneyland, opened in 2005, and currently is constructing Shanghai Disney Resort, scheduled to open in 2015. Construction also began this year on the first Disney Store on mainland China in Shanghai’s Lujiazui Finance District. The complex, to be completed next year, features a retail store and a Disney-themed outdoor plaza. Shares fell 95 cents, or about a percent, to $86.20 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.
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