In a memo, WBD international president Gerhard Zeiler said the company was at another 'inflection point' where the global economy had not 'rebounded as quickly as we had hoped.'
“Seven months into 2023, although we remain confident about our trajectory as a business, we are at another inflection point, and one where the global economy has not rebounded as quickly as we had hoped.”
The departure of Blair, he said, came after “much deliberation,” but was a “necessary structural change to our team design that both flattens and streamlines the content licensing organization.” Zeiler thanked Blair for his |outstanding leadership, talent, and effort to help us get where we are today,” asserting that his contribution to the company over 25 years had been “outstanding and can be measured in several billions of dollars of sales-contracts he made possible every single year.”
He added: “Despite being known as tough negotiator, he is respected by all of his clients he dealt with. He is also an exceptional leader, who mentored many talents within the company and is admired and valued by his team.”
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