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She has also served in senior roles at some of America's biggest companies. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. Walt Disney has named a new chairman of the board, and indicated its also in for a proxy fight as Nelson Peltz Trian Group seeks a directors seat for the activist investor in opposition to the companys slate. Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. We want to hear from you! Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. Advertisement. Arnold thanked Chapek for leading the company through the pandemic. 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 . Arnold has served on the board of directors of The Walt Disney Company since 2007,[3] as well as the Carlyle portfolio investments company NBTY, The Nature's Bounty Co. She has also been a member of the Board of Directors of McDonald's Co. since 2008. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. All rights reserved. Arnold thanked Chapek for leading the company through the pandemic. Iger has a two year contract. Changes at the top are disruptive and Disney is undergoing its own transformation. They Were Secretly Conservative Spies. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. The author discusses which mechanisms have proven particularly Arnold, Elden Elwood (1900-1978) also known as Elden E. Arnold of Britton, Marshall County, S.Dak. Performance & security by Cloudflare. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. [4][5] In June 2022, she was recognized by the International Hospitality Institute on the Global 100 in Hospitality as one of the 100 Most Powerful People in Global Hospitality. We want to hear from you. Susan E. Arnold Bob Iger John S. Chen Judith L. Estrin Fred H. Langhammer Aylwin B. Lewis Monica C. Lozano Robert W. Matschullat Sheryl K. Sandberg Orin C. Smith Susan Arnold - Chairwoman Bob Iger -CEO James A. Rasulo - Senior Executive Vice President and CFO Alan N. Braverman - Senior . Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. Wall Street applauded Iger's return. Read about our approach to external linking. Disney shares were relatively flat in after-hours trading. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. The memo failed to tamp down employees outrage over the legislation, which is supported by Ron DeSantis, the Republican governor and a potential 2024 presidential candidate. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. [11][12] She was elected chair on December 31, 2021. [13] On January 11, 2023, Disney announced that Arnold would no longer serve as the board's chair after the next annual shareholder meeting and would be replaced by former Nike CEO Mark Parker.[14]. Language. Mr. Parker will also chair a newly created Succession Planning Committee of the Board, which will advise the Board on CEO succession planning, including review of internal and external candidates. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. That puts her well above the average tenure of directors at companies in the S&P 500 Index, which stands at nearly 8 years, according to executive search firm Spencer Stuart. Disney has a new board chair, and she's a gay woman. 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. Iger was Disney's public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which he compiled a string of victories lauded in the entertainment . susan arnold disney political party. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Arnold has served as the panel . Its self-hatred, Rufo said Friday on Fox News Tucker Carlson Tonight., A Disney spokesperson told The Post Saturday that the internal documents are being deliberately distorted as reflective of company policy., In fact their purpose was to allow diversity of thought and discussion on the incredibly complex and challenging issues of race and discrimination that we as a society and companies nationwide are facing, the company said, noting its long history of inclusivity with stories that reflect acceptance and tolerance and celebrate peoples differences.. Chairman of the board Bob Iger leaves at the end of 2021. The average tenure of the current Board is four years, with three directors serving fewer than two years, and in addition the Board is led by an independent chairman. Legal Statement. Anyone can read what you share. For the last eight years Ms Arnold has been an executive at Carlyle Group, having previously held roles at consumer goods giant Procter and Gamble and fast food chain McDonald's. Read about our approach to external linking. 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. Its been very stifling to feel like everyone keeps talking about having open dialogue and compassionate conversations, but when it comes down to it, I know if I said one thing that was truthful, based on data, or even just based on my own personal experience, it would actually be rather unwelcomed, the person continued. They are also able to put foward shareholder proposals. The change will take effect after the company's annual shareholder meeting. It states that "classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age appropriate or developmentally appropriate for students in accordance with state standards.". But mammoth companies like Disney arent usually ready to give up on any part of their customer base, so the stresses of political involvement are likely to continue. With the departure of Arnold, Disney's board will shrink to 11 . She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Photo by Marko Aliaksandr. All Rights Reserved. It's a woke world after all. Since succession planning went awry last time, one thing Trian wants to make sure of is that Disney plans this next round well, according to the WSJ. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Cloudflare Ray ID: 7a2f8c127fb98108 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 3 min read. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. The Walt Disney Company has appointed its first female chairperson to its board of directors.. Disney confirmed that as of Dec. 31, Susan Arnold will take over for former CEO Bob Iger as chairman of the board. The Walt Disney Company. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. By Ryan Faughnder Staff Writer. The company has alsobackeda 21-Day Racial Equity and Social Justice Challenge day where participants are told they all been raised in a society that elevates white culture over others, City-Journal reported. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. 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 Global Personal Beauty Care and Global Feminine Care from 2002. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. "Apparently, the Companys executives have chosen to discriminate, create a hostile work environment, and drive away creative, loyal, and talented employees; alienate the Companys core customers; and violate the law, all for the purpose of advancing a very narrow political and social agenda promoting, inter alia, sexualizing content provided to young children," the letter to Disney states. Disney has given about $55 million to Republicans, Democrats and political committees in the state over the past 28 years, including about $5 million in 2020 and more than $2 million so far in . Hell be succeeded by Susan Arnold. Have feedback? - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. ', Last edited on 16 February 2023, at 11:27, "Susan E Arnold, Walt Disney Co: Profile and Biography - Bloomberg Markets", "Susan Arnold Named Chairman of the Board of The Walt Disney Company, Effective December 31", "The Walt Disney Company - Susan Arnold Biography", "Susan Arnold, The Most Powerful Women - Forbes.com", "The Walt Disney Company - News from the Disney Board - May 01, 2007", "Dr Jeffrey Obomeghie and Dupe Olusola among the 100 most powerful people in global hospitality", "Disney names Susan Arnold as board chair, replacing Bob Iger", "Disney appoints woman as chair for first time in 98-year history", "Susan Arnold: After 98 years, Walt Disney gets first woman chair", "Disney Appoints Mark Parker As Chairman of the Board, Replacing Susan Arnold", https://en.wikipedia.org/w/index.php?title=Susan_Arnold&oldid=1139689950, This page was last edited on 16 February 2023, at 11:27. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. "The Board of Directors has a fiduciary obligation to ensure it fulfills its duty of oversight, and should provide answers to its shareholders without delay. The Fair Political Practices Commission is looking at whether former Gov. 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. She is a white, non hispanic female registered to vote in Broward County . All quotes delayed a minimum of 15 minutes. This is a list of The Walt Disney Company's Executive Management Team, both present and historical. Dec. 1, 2021 Updated 2:18 PM PT. While Iger came from a creative background, thats not the case with Arnold.