Lasseter will take over from Bill Damaschke, who previously led Skydance Animation.

Ellison is hopeful Damaschke will choose to remain within the Skydance family.

Im grateful to David and the Skydance team and know that I have been entrusted with an enormous responsibility.

Auto Show Cars 3, Detroit, USA - 08 Jan 2017

Carlos Osorio/AP/REX/Shutterstock

It is a distinct privilege that I will relish, Lasseter said in a statement.

It has been humbling, but I believe it will make me a better leader.

People often ask when a man who has abused his power gets to come back.

There is no simple answer.

But here are a few first steps: 1) Demonstrate true remorse.

  1. Work deeply to reform your behavior.

  2. Deliver restitution to those you harmed.

Thats the bare minimum.

Hiring decisions have consequences.

Read Ellisons full memo to staff, as obtained by EW, below.

Dear Colleagues:

I wanted to share with you first some news that we are announcing today.

Industry visionary John Lasseter is joining us to lead Skydance Animation.

John will be based in Los Angeles and will report directly to me.

His creative vision and forward-looking approach to animation has transformed the entire industry.

The senior leadership team and I have all carefully evaluated the findings of this extensive investigation.

Let me be clear: we have not entered into this decision lightly.

Additional town halls at SDM and SDI will take place today and tomorrow.

Skydance Animation colleagues, c’mon be on the lookout for a call-to-gather email.

I look forward to speaking with you in person.

Thanks,

David

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