Performance & security by Cloudflare. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. Disney shares were relatively flat in after-hours trading. Under him, the behemoth acquired Pixar . Title. Prior to that, she was Vice Chair of P&G Beauty and. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. Chairwoman. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. Now theres the possibility that he could own a sports team or take on another big public role. Chapek also engaged in a public battle with "Black Widow" star Scarlett Johansson, who sued the company over "breach of contract" after it decided to release the Marvel film on Disney+ the same day it hit theaters.Johansson and Disney eventually settled.. More recently, Chapek found himself in the political crossfire of Florida Governor Ron DeSantis, who revoked the company's special tax . This website is using a security service to protect itself from online attacks. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. 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. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. One C.E.O. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. They Seemed Like Democratic Activists. They Were Secretly Conservative Former CEO and current chairman of The Walt Disney Company ( DIS) board Bob Iger is stepping down from his role at the end of this month. Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety 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. But it keeps getting dragged into politics, often by employees who tend to be liberal and want the company to reflect their values. This story has been shared 123,414 times. He'll be succeeded by Susan Arnold. Iger back on top in a Disney plot twist that few saw coming We've received your submission. On Wednesday, Chapek made his first public statement against the bill at the companys annual shareholder meeting, which was dominated by talk of Dont Say Gay rather than the companys (strong) financial condition. This isnt just a Disney issue. The Walt Disney Company announced Wednesday that it has elected Susan Arnold to be its next chairman of the board, making her the first woman to helm the corporation in its 98-year history. As Disney Board Chair, What Would You Advise CEO Bob Chapek Regarding Disney's in a big moment of transition. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Bob Iger return puts Disney on collision course with Ron DeSantis 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. The . Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. In 1999, she assumed global responsibility for Procter & Gamble's beauty business, thereby becoming the first woman to reach a president-level position in the company. Disney executives had been working behind the scenes to head off Floridas Parental Rights in Education bill, which strongly constrains the teaching of sexual orientation and gender identity and which activist opponents call the Dont Say Gay bill. Disneys in a big moment of transition. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Wall Street applauded Iger's return. Susan Arnold Young, Education, Political Party, Movies - ABTC Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. That fits with the direction Disney is headed in generally. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens, Prolific Actor Dies At 61 After Aneurysm; Hollywood Reax + Career In Photos, Eyes $51M+ Opening In U.S., A Record For Rocky Spinoff Franchise & Amazon, SAG-AFTRA And Casting Directors Weigh In On Self-Tape Controversy, Oscar Winner Guillermo del Toro On The Films That Lit His Fuse. Susan E. Arnold - The Walt Disney Company The more a company does, the more it is expected to do. 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. ', 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. She was formerly an executive at global investment firm Carlyle. Susan Arnold to succeed Bob Iger as Disney chairman - New York Post (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." Disney catches it from all sides over Florida's 'don't say gay' bill Its been a tumultuous period for the company culminating in an abrupt CEO change in November as Bob Iger returned, taking the reins from Bob Chapek. Meet Susan Arnold, Disney's first woman chairperson in 98 years Have feedback? Conservative legal group accuses Disney of violating civil rights Currently, Susan E. Arnold is Chairman at The Walt Disney Co. Betty Arnold (Democratic Party) is a member of the Kansas State Board of Education, representing District 8.Arnold assumed office on January 12, 2021. It can decide to fight the addition of 1 qualified Board member, OR work together with Trian to create sustainable, long-term value at Disney., We believe that current investor sentiment on Disney is low, reflecting the hard truth that Disney is a company in crisis and faces many challenges that weigh on the Companys investment prospects., While we acknowledge that Disney, like many media companies, is undergoing a challenging pivot to streaming, we believe that many of the Companys current problems are self-inflicted and need to be addressed Trian believes that it is well positioned to facilitate positive change at Disney given our experience investing in and serving on the board of directors of blue-chip companies, and working collaboratively with management teams and boards to optimize corporate governance, strategy, operations and capital allocation., Mark Parker is an incredibly well-respected leader who over seven years as a Disney director has helped the Company effectively navigate through a time of unprecedented change, Arnold said. A backlash among Disney's senior executives grew to the point it reached the company's board. 38/$4,515. Disney appoints its first female board chair : NPR 2023 Deadline Hollywood, LLC. "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," said Susan Arnold, Disney's chairman (who will keep that title), in a written statement. 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. 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. Weve already seen that happen a bit. See here for a complete list of exchanges and delays. Read about our approach to external linking. And so on. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. 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. With the departure of Arnold . Susan Arnold - Wikidata 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 . Susan Arnold will succeed Bob Iger as the next Disney chairman. 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 . The entrance to Disney World in Orlando, Florida. Disney names Susan Arnold as board chair, replacing Bob Iger - CNBC Disney Faces Proxy Fight as Peltz Pushes to Join Board "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. 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. Yes, even on a piece of state legislation that did not directly involve Disney. Photo by Marko Aliaksandr. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. You will be redirected back to your article in, Joe Biden Had Basal Cell Cancerous Tissue Removed From Chest, His Doctor Says, Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? 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.. Susan Arnold had been named as chairperson of the board of the Walt Disney Company - Get Free Report replacing Robert Iger, effective December 31, 2021. Legal Statement. List of management of The Walt Disney Company 2018 Transaction Count/Amount. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. "The Street likes Mr. Iger almost as much . AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. Iger back on top in a Disney plot twist that few saw coming from 1999 to present. Description. 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. edit. ", Gov. Disney names Susan Arnold as its first woman chair | Reuters Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. Disney, faced with proxy fight, names former Nike CEO Mark Parker as Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of 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. 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. Also known as. Iger back on top in a Disney plot twist that few saw coming Susan Arnold: After 98 years, Walt Disney gets first woman chair Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. The Board is nominating for re-election at the Companys Annual Meeting incumbent directors Mary T. Barra, Safra A. Catz, Amy L. Chang, Francis A. deSouza, Carolyn Everson, Michael B.G. They targeted moderate . 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 . 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 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. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Disney reappoints ex-CEO Bob Iger as company head | khou.com A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. Disneys in a big moment of transition. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. When is Eurovision and how do you get tickets? The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Philosopher. I attended several [training sessions] at the beginning just to see what the temperature of the discussion would be and to gauge if I would be able to bring up my own objections in a safe waysafe meaning for my career. "The decision of The Walt Disney Corporation to promote the introduction of age-inappropriate sexual material in kindergarten classrooms, including radical gender ideology, and to fight the democratically-elected government of Florida in order to achieve this end, jeopardizes the financial future of the company and its shareholders in service of an extreme political agenda," AFL President Miller told FOX Business. 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 . View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Arnold thanked Chapek for leading the company through the pandemic. A Disney director for the past seven-years and Executive Chairman of Nike as well, he will succeed Susan E. Arnold, who will not stand for re-election as per the 15-year term limit under . A Disney director for the past seven-years and Executive Chairman of Nike as well, he will succeed Susan E. Arnold, who will not stand for re-election as per the 15-year term limit under Disneys Board Tenure Policy. This is a list of The Walt Disney Company's Executive Management Team, both present and historical. Where he heads next is still an open question. Got a confidential news tip? it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. He then joined Disney and became the CEO in 2005. FAQ - New Privacy Policy, New York Posts Karol Markowicz discusses how Disney is pushing back against Floridas parental rights bill and how she is quitting the park on Fox Business Tonight., FIRST ON FOX: A conservative legal group set up by former Trump adviser Stephen Miller on Tuesday sent a letter to The Walt Disney Company Chair Susan Arnold accusing company executives of choosing to "discriminate," "alienate the Companys core customers" and even "violate the law.". 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. Anyone can read what you share. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. Your IP: Disney gets it first female board chair in 98 years - Fast Company susan e arnold political partyvictoria centre car park consettvictoria centre car park consett On Nov. 29, Twitter announced that Taylor would become its chairperson. Our Standards: The Thomson Reuters Trust Principles. Are you going to stand up for them or not?. Signup for Breaking News Alerts & Newsletters. Join Facebook to connect with Susan Arnold and others you may know. Do you know this baby? Susan Arnold - $10,118 in Political Contributions for 2004 2023 FOX News Network, LLC. 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. 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 extends Bob Chapek's contract despite controversial tenure Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek When Bob Iger officially leaves Disney at the end of . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. The WSJ said Trian execs met with Disney brass, including Iger and CFO Christine McCarthy, Tuesday in an attempt to come to an agreement and avoid a proxy battle, and that Arnold called Peltz this morning to offer him a role as a board observer and ask him to sign a standstill agreement, which he declined. The $260 billion media giant named Susan Arnold on Wednesday as . Picture taken July 24, 2021. Joseph Prezioso/ZUMA Wire. Get our latest storiesin the feed of your favorite networks. The Walt Disney Co. has named board member Susan Arnold chairman, replacing Bob Iger when he steps down at the end of the year.. Arnold is a 14-year member of the Disney (NYSE: DIS) board who has . Send us a tip using our annonymous form. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. His departure marks the end of an era. 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. On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. Iger is set to step away from the role by the end of this year. Arnold has been a member of Disneys board since 2007. Do Not Sell or Share My Personal Information. Susan Arnold from Tamarac, Florida | VoterRecords.com They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Iger has a two year contract. Susan Arnold, a veteran of consumer-products giant Procter & Gamble as well as the Carlyle Group investment firm, will take the reins as chairman of Walt Disney Co.'s board of directors . He now holds two big jobs that will split his attention. His attempt to keep out of the spotlight had failed. 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. 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. [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. Market data provided byFactset. When Bob Iger officially leaves Disney at the end of the year, hell be succeeded by Susan Arnold, the first woman and first openly gay person to lead the Disney board of directors. Susan Arnold Biography. Susan Arnold - Wikipedia 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. 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 e arnold political party [11][12] She was elected chair on December 31, 2021. 2020 Transaction Count/Amount. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. 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. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. It's a woke world after all. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Disney faces proxy fight as Peltz pushes to join board She is known for her involvement in several works by the entertainment giant company. See here for a complete list of exchanges and delays. Sabado Domingo on Twitter: "@WDWNT Oh no. Another wokester." / Twitter 0. Mark Parker Named Disney Chairman, Susan Arnold Exits - Variety Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Disney Replaces Susan Arnold As Chair, Seeks To Fend Off Activist 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. 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 . She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Iger back on top in a Disney plot twist that few saw coming Who Is Disney Board Chair Susan Arnold? - TheStreet Disney has a September fiscal year and usually issues its proxy statement which, among other things, lists the companys slate of directors up for election in January, and holds its shareholder meeting in March. We want to hear from you. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Sign up for free newsletters and get more CNBC delivered to your inbox. Disney. 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.