Former Disney CEO Kevin Mayer has been named CEO of TikTok mid-May back, and he is already retiring. In a memorandum to employees, quoted by CNN Business, he describes the reasoning behind the move less than four months after he was appointed to the position.
The message said that after the ‘sharp change’ of the political environment, Mayer ‘significantly reflected on what the corporate structural changes will require’, and eventually decided to leave the company.
The TikTok app
A TikTok The spokesman’s statement said the platform appreciated the political dynamics of the past few months and that it had changed the scope of Kevin Mayer’s role. He has also been appointed a COO of ByteDance, the parent company of TikTok, but we have yet to determine whether he will retain this position.
TikTok was pressured to sell his US affairs to a US company in order to operate on US soil, otherwise the President of the United States would have to sign an executive order and effectively ban the platform. The latest information is that Oracle is buying the business and thus saving TikTok.
If that happened then the software company in California would probably have changed its CEO, so Mayer’s departure is not a big surprise.