She was formerly an executive at global investment firm Carlyle. 2023 Deadline Hollywood, LLC. Physics is the law, everything else is a recommendation.. She served as president of the global business units of Procter & Gamble from 2007 to 2009 and was also a member of the board at McDonald's from 2008 to 2016. Hell be succeeded by Susan Arnold. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Iger has been gradually removing himself from active . (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). 2023 NYP Holdings, Inc. All Rights Reserved, Disney may sell its 67% stake in Hulu to buy more Marvel rights: analyst, Critics slam woke live-action Peter Pan trailer, How the rich do Disney and its nothing like us commoners, Jude Law as Captain Hook in Peter Pan & Wendy triggers backlash. Chapek said he called DeSantis on Wednesday to express our disappointment and concern that if legislation becomes law, it could be used to unfairly target gay, lesbian, nonbinary and transgender kids and families.. There was talk of him serving as ambassador to China, but that never came to be. Philosopher. Signup for Breaking News Alerts & Newsletters. The company made the announcement today. Prior to 2007, she was Vice Chair of P&G Beauty and Health from 2006, Vice Chair of P&G Beauty from 2004 and President . Susan Arnold . It cited Igers track record in growing shareholder value as CEO and noted that the exec has already taken decisive steps to realign content creation and distribution, and reposition Disneys streaming platforms and linear broadcast and cable networks for enhanced profitability for the company.. Disney's in a big moment of transition. Arnold thanked Chapek for leading the company through the pandemic. Contribution Totals. The change will take effect after the company's annual shareholder meeting. It's a woke world after all. The term party has since come to be applied to all organized groups seeking political power, whether . Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. [7], On December 1, 2021,[10][3] Arnold was appointed to replace Bob Iger as chair of the board at The Walt Disney Company and became the first woman to be appointed to this position in the 98-year history of Disney. asks James Heskett. Walt Disney Co. has named longtime board member Susan Arnold as its new chair to replace Bob Iger when he leaves the company at the . Mr. Igers mandate is to use his two-year term and depth of experience in the industry to adapt the business model for the shifting media landscape, rebalancing investment with revenue opportunity while bringing a renewed focus on the creative talent that has made The Walt Disney Company the envy of the industry. We want to hear from you. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The Walt Disney Company has had a long-term track record of financial and creative success, built on the ability to leverage its rich intellectual property and unparalleled storytelling across its many businesses, from theatrical, streaming and linear broadcast to parks and resorts, and one of the most resonant names in sports, ESPN. Read about our approach to external linking. Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Download all contribution records for this person. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. She had joined Procter & Gamble in 1980 and held several management and marketing positions before becoming the manager of Procter & Gamble's cosmetics business in Canada in 1990. Susan E. Arnold graduated from the University of Pennsylvania with a Bachelor of Arts degree, and from the University of Pittsburgh with a Master of Business Administration degree. Ron DeSantis' new Parental Rights in Education law because the company is dedicated to standing up for the rights and safety of the LGBTQ+ community. Includes location, related records, political party, and more. All rights reserved. She has also served in senior roles at some of America's biggest companies. 4. Walt Disney Co. has announced that Susan E. Arnold will succeed Robert Iger as chairman of the board, the first time a woman has held the position at the company, effective December 31st. Your IP: She was an operating . Susan E. Arnold. Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. Joseph Prezioso/ZUMA Wire. The Board does not endorse the Trian Group nominee, and recommends that shareholders not support its nominee, and instead vote FOR all the Companys nominees, Disney said. Arnold has served as the panel . And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. Parker's appointment is While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Disneys in a big moment of transition. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images), GET FOX BUSINESS ON THE GO BY CLICKING HERE, Nothing in the Florida legislation itself mentions the word "gay." Arnold has been a member of Disneys board since 2007. At the same time, it is the top priority of mine and the Boards to identify and prepare a successful CEO successor, and that process has already begun.. "Having most recently served as independent Lead Director, Susan is the perfect choice for Chairman of the Board, and I am confident the Company is well-positioned for continued success under her guidance and leadership," Iger said in a statement. James Smith. Advertisement. Read about our approach to external linking. Trian Partners L.P. and Trian Partners Parallel Fund I, L.P., wholly owned subsidiaries of Trian Fund Management, L.P., along with other entities affiliated with Nelson Peltz (collectively, the Trian Group), have nominated Nelson Peltz for election as director at the Annual Meeting in opposition to the nominees recommended by the Board, and brought a proposal to amend Disneys Bylaws. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. By Ryan Faughnder Staff Writer. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. Susan Arnold is an American business executive and chairwoman of Walt Disney. It has featured gay and lesbian characters in its productions and the chair of its board of directors, Susan Arnold, is one of the highest-ranking women in corporate America who is openly lesbian. Ms. Arnold, a 14-year member of the Disney Board who has served as its independent Lead Director since 2018, will succeed Robert A. Iger as Chairman of the Board when he departs the Company at the end of . Sabado Domingo @SabadoD00554481. In some cases the restive employees are conservatives, not liberals. She is known for her involvement in several works by the entertainment giant company. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. 67.227.155.73 Regarding your Wednesday newsletter on businesses cutting ties with Russia over its invasion of Ukraine: When it comes to a crunch, corporations are showing their commitment to preserving democracy and Western values, which cannot be readily quantified in monetary terms. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Arnold is a 14-year member of the Disney . In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. "Susan is an incredibly esteemed executive whose wealth of experience, unwavering integrity, and expert judgment have been invaluable to the Company since she first joined the Board in . Weve already seen that happen a bit. Title. ", Gov. That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. Susan Arnold will succeed Bob Iger as the next Disney chairman. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? Venture capitalists swap Paris Hilton for Al Gore, US blacklisting is no match for TikTok virality, Editing by Lauren Silva Laughlin and Sharon Lam, Theres hope beyond moaning for European telcos, Adani contrarian is a win for Hindenburg, too, Exclusive news, data and analytics for financial market professionals. Parker, who also serves as executive chairman at Nike Inc., succeeds Susan Arnold, who won't stand for re-election due to Disney's 15-year term limit requirements. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. Chris Palmeri reports. But Disneys appointment could have been more thoughtful. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Susan E . On Nov. 29, Twitter announced that Taylor would become its chairperson. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. Susan Arnold - Credit: dailyO. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. In the vehicle market, certain brands (Subaru, Honda) appeal more to liberals and others (Ford, GMC) appeal more to conservatives, albeit without getting political themselves. Disney shares were relatively flat in after-hours trading. Mr. Iger has already taken decisive steps to realign content creation and distribution, and reposition Disneys streaming platforms and linear broadcast and cable networks for enhanced profitability for the Company. The action you just performed triggered the security solution. See here for a complete list of exchanges and delays. Quotes displayed in real-time or delayed by at least 15 minutes. 2023 BBC. Chairman of the board Bob Iger leaves at the end of 2021. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. The $260 billion media giant named Susan Arnold on Wednesday as . Several other Disney executives have announced plans to leave by the end of this year, including studios head Alan Horn, president and chief creative officer of Disney Branded Television Gary Marsh and company general counsel Alan Braverman. 2018 Transaction Count/Amount. Naked man claiming to have bomb causes 8-hour traffic jam Canadian teacher with size-Z prosthetic breasts placed on paid leave, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, I'm a professional cleaner ditch these 4 household products immediately, Tom Sandoval speaks out on Raquel Leviss affair: I deserve your anger, Shoeless Ariana Madix awkwardly tries to avoid cheating Tom Sandoval, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Memphis Grizzlies star Ja Morant allegedly flashes gun at a strip club, Tom Sizemore And The Dangerous Burden of Desperation, Ariana Madix, Tom Sandoval have awkward moment amid cheating scandal. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. "[I]t seems the Companys executives are engaging in systemic discrimination against religious believers and creating a hostile work environment to silence them and/or drive them out of the Company; unlawfully favoring some individuals and discriminating against others with respect to the terms," the AFL letter states. Consumers as well as employees have gotten used to thinking of companies as political players, she said: The traditional political process may be seen as less efficacious.