A Division of NBCUniversal. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. Contribution Totals. Instead, they are often weaponized by one side or the other to further divide and inflame. All Rights Reserved. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. During his four decades at NIKE, Mark has led one of the worlds most recognized consumer brands through various market evolutions and a successful CEO transition, and he is uniquely positioned to chair the Disney Board during this period of transformation., Mark Parkers vision, incredible depth of experience and wise counsel have been invaluable to Disney, and I look forward to continuing working with him in his new role, along with our other directors, as we chart the future course for this amazing company, said Robert A. Iger, Chief Executive Officer, The Walt Disney Company. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. She is based in New York. Iger back on top in a Disney plot twist that few saw coming Susan Arnold, who has been a Disney board member for 14 years and the independent lead director since 2018, will succeed Bob Iger as chairman of the board at the end of 2021. As a result, the board will be reduced to 11 members. The action you just performed triggered the security solution. Market data provided byFactset. Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Iger struck a reassuring tone in his first email to staff on . 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. Mr Iger, who stepped down as Disney's chief executive in 2020 after 15 years in the role, will leave the company by the end of this month. All Rights Reserved. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Disney names Susan Arnold to replace Bob Iger as chairman - L.A Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, 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 (noted above). On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. Iger back on top in a Disney plot twist that few saw coming 3 min read. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Language. [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. "The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the company through this pivotal period," Susan Arnold, Disney's chairman, said in a prepared statement. She was an operating executive at The Carlyle Group until this year. Disney shares were relatively flat in after-hours trading. Disney Elects Susan Arnold Chairman of the Board of Directors The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The term party has since come to be applied to all organized groups seeking political power, whether . What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? [2], She is an operating executive of The Carlyle Group, since September 2013. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Bob Iger (2012-2021) Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company . They are also able to put foward shareholder proposals. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. Harry: I always felt different to rest of family, Chris Rock talks Oscars slap in live Netflix show, Everything Everywhere wins big ahead of Oscars, PM to end asylum claims from small boat arrivals, US-made cheese can be called 'gruyere' - court, Mbappe breaks PSG goal record in win over Nantes. The . . Philosopher. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. 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. 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. In 2016, the firm opened its first theme park and resort in mainland China. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Susan Arnold - $10,118 in Political Contributions for 2004 This story has been shared 123,414 times. Get our latest storiesin the feed of your favorite networks. Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. asks James Heskett. She has also served in senior roles at some of America's biggest companies. Susan Arnold: After 98 years, Walt Disney gets first woman chair Signup for Breaking News Alerts & Newsletters. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. Physics is the law, everything else is a recommendation.. Bob Iger return puts Disney on collision course with Ron DeSantis Hell be succeeded by Susan Arnold. She was formerly an executive at global investment firm Carlyle. Disney employs many high-profile LGBTQ+ rights advocates both behind and in front of the camera, and its board is led by a gay woman, Susan Arnold, who succeeded Iger as chairman in December. The more a company does, the more it is expected to do. The Walt Disney Company. List of management of The Walt Disney Company Weve already seen that happen a bit. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Also known as. [11][12] She was elected chair on December 31, 2021. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . They Were Secretly Conservative Spies. December 2, 2021. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. The Walt Disney Company has a big problem. When you wait too long, youll get penalized no matter what you do., Companies need to accept that they have become part of the political process, like it or not, Paharia said. Susan Arnold - Credit: dailyO. The Board of The Walt Disney Company has been continually refreshed, with a focus on directors whose industry experience is additive to the companys strategic priorities. [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. Disney Board Elects Susan Arnold to Replace Bob Iger - Investopedia As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. Susan Arnold will succeed Bob Iger as the next Disney chairman. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. Disney reappoints ex-CEO Bob Iger as company head | khou.com Disney shares were down 41 percent this year, as of November 9, with even the company's streaming platform Disney+, which remains hugely popular, reporting an operating loss of $1.47 billion. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Disney names Susan Arnold chair of the board, replacing Iger Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek 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 . Arnold has been a member of Disneys board since 2007. Read about our approach to external linking. Predecessor. Photo by Marko Aliaksandr. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 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. 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 . In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. While Iger came from a creative background, thats not the case with Arnold. 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