Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. "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. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. Arnold has been a member of Disneys board since 2007. This is a list of The Walt Disney Company's Executive Management Team, both present and historical. "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". The Walt Disney Company has a big problem. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. By Ryan Faughnder Staff Writer. 42/$4,105. Have feedback? Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. 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. Disney is pushing critical race theory on employees through a new plan called Reimagine Tomorrow, urging workers to recognize their white privilege, in a battery of training modules on topics such as systemic racism and white fragility, according to internal documents obtained by City-Journals Christopher Rufo. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Description. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. The industry leader for online information for tax, accounting and finance professionals. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. We want to hear from you. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. Consumers are turning to vote with their dollar.. -. Susan Arnold will succeed Bob Iger as the next Disney chairman. Prior to that, 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. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. "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 . Photo by Marko Aliaksandr. Mr Iger's exit marks the end of an era for Disney, who has been in a senior role at the company since 1996. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. 2023 Deadline Hollywood, LLC. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. What science tells us about the afterlife. 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 . In February 2021, the research company Gartner did a survey of 3,000 workers that found 68 percent would consider quitting their current job and working with an organization with a stronger viewpoint on the social issues that matter most to them. 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? Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Facebook gives people the power to. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Susan Arnold will succeed Bob Iger as the next Disney chairman. 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. Disney shares were relatively flat in after-hours trading. 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 . 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. Term. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Title. 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. 2023 CNBC LLC. Wall Street applauded Iger's return. "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 2007," Mr Iger said. The move comes as the company faces a proxy fight with an influential activist shareholder. Photo by Marko Aliaksandr. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. See here for a complete list of exchanges and delays. 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. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Instead, they are often weaponized by one side or the other to further divide and inflame. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. Disney is replacing Bob Iger, who will soon wrap up his decades-long tenure at the company, with Susan Arnold as chairman of the board. She was listed multiple times on the Forbes list of The World's Most Powerful Women and in 2005 she was #16 on Forbes' The World's 100 Most Powerful Women list. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. Read about our approach to external linking. Sign up for free newsletters and get more CNBC delivered to your inbox. 2018 Transaction Count/Amount. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. See here for a complete list of exchanges and delays. 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. 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. When Bob Iger officially leaves Disney at the end of . In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. Arnold will begin her new role Dec. 31 . 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 Fair Political Practices Commission is looking at whether former Gov. Data is a real-time snapshot *Data is delayed at least 15 minutes. Arnold, who has sat on the Mouse House's board for 14 years and who has . Susan Arnold will replace Bob Iger, according to the Burbank, California-based entertainment giant.When she assumes the role on December 31, she will become the first woman to chair Disney's . 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. The Walt Disney Company Board has continued to evolve to ensure it has the right combination of backgrounds, skill sets and perspectives to guide the Company into the future. The $260 billion media giant named Susan Arnold on Wednesday as . If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. The financial risk to Disney, according to the legal group, includes potentially driving away employees and customers as well as the potential risk of litigation costs if there is probable cause the company broke the law. They Were Secretly Conservative Spies. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. 38/$4,515. They targeted moderate . Predecessor. She retired from Procter & Gamble on September 1, 2009. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Susan E. Arnold, a 14-year member of the Walt Disney Co.'s board of directors, will take the helm as board chairman, effective 31, the company announced Wednesday. BURBANK, Calif., December 1, 2021The Walt Disney Company (NYSE: DIS) Board of Directors announced that it has elected Susan E. Arnold as Chairman of the Board, effective December 31, 2021. That fits with the direction Disney is headed in generally. Under Mr. Igers first tenure as CEO from September 2005 through February 2020, the Companys total shareholder return was 554%, which exceeded the S&P 500 total shareholder return of 244%. There was talk of him serving as ambassador to China, but that never came to be. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Send a note to coy-newsletter@nytimes.com. She has also served in senior roles at some of America's biggest companies. Iger led Disney for 15 years before stepping down in 2020. . 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. 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.. Mutual Fund and ETF data provided byRefinitiv Lipper. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . 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. 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. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. 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. Her appointment comes as large companies are moving away from management structures where the chief executive and chairperson roles are held by the same person after pressure from corporate governance experts, investors and, in some cases, regulators to separate the two key positions. Dec 1 (Reuters) - Walt Disney Co (DIS.N) on Wednesday tapped Susan Arnold as its chairman of the board, the first woman to be named to the role in the entertainment company's 98-year-long history . As a subscriber, you have 10 gift articles to give each month. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Physics is the law, everything else is a recommendation.. Walt Disney named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company. 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. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. Chairman of the board Bob Iger leaves at the end of 2021. Hell be succeeded by Susan Arnold. On Nov. 29, Twitter announced that Taylor would become its chairperson. Disney has named board member Mark Parker, Nike's executive chairman, as its new chairman of the board, succeeding Susan Arnold, the company announced Wednesday. 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 . Now theres the possibility that he could own a sports team or take on another big public role. Ms. Arnold owns over 8,400 units of Walt Disney Co stock worth over $4,102,492 and over the last 19 years she sold DIS stock worth over $1,493,100. 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 . The term party has since come to be applied to all organized groups seeking political power, whether . "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. 10. Disney. 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, 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 . NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 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. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Iger is set to step away from the role by the end of this year. 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. 4. 2021-present. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. political party, a group of persons organized to acquire and exercise political power. She was an operating . Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Powered and implemented byFactSet Digital Solutions. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. View the profiles of people named Susan Arnold. 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. 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. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). On behalf of my fellow Board members and the entire Disney management team, I also want to thank Susan for her superb leadership as Chairman and for her tireless work over the past 15 years as an exemplary steward of the Disney brand., Said Mr. Parker: I am honored to have the opportunity to serve as Disneys Chairman, and I look forward to working closely with Bob and his management team on a strategy of growth that balances investment with profitability, while preserving Disneys core mission of creative excellence, to deliver shareholder value. That it has taken so long to officially elect the former private equity executive as chairperson signals a bumpy process to clear a low bar. susan e arnold political partyvictoria centre car park consettvictoria centre car park consett 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. He then joined Disney and became the CEO in 2005. She is based in New York. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Jeannetta Arnette. This story has been shared 123,414 times. But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. Susan Arnold Young, Education, Political Party, Movies. Changes at the top are disruptive and Disney is undergoing its own transformation. 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. 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. Susan Arnold . Legal Statement. Christopher Palmeri. 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. Thanks for contacting us. 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. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Arnold thanked Chapek for leading the company through the pandemic. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. 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. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). noted on a politically optimistic earnings call two days after the election, he supports closing tax . The far-left turn by the house of Mickey Mouse has led to sky-high tensions, but staffers are terrified about speaking out against the ideology, multiple employees told City-Journal. They are also able to put foward shareholder proposals. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. Political parties originated in their modern form in Europe and the United States in the 19th century, along with the electoral and parliamentary systems, whose development reflects the evolution of parties. Trust in Congress is decreasing. These actions provide hope that the concept of an enlightened capitalism exists and has evolved in the subconscious of corporate leaders, who have responded collectively for the common welfare in a time of crisis. Chairwoman. 0. Disney has a new board chair, and she's a gay woman. 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. 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. It's a woke world after all. 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.. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. "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. Ant Man gets poor reviews. The company made the announcement today. The date of the Annual Meeting has not yet been announced. In one anti-racism training course, called Allyship for Race Consciousness, workers are taught that the US has a long history of systemic racism and transphobia and told they must take ownership of educating yourself about structural anti-black racism. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. Under him, the behemoth acquired Pixar . "Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that. 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. 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. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Susan Arnold (Q535362) Susan Arnold. We want to hear from you! That angers both sides, he said. Arnold thanked Chapek for leading the company through the pandemic. His attempt to keep out of the spotlight had failed. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. asks James Heskett. 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 . She was formerly an executive at global investment firm Carlyle. The change will take effect after the company's annual shareholder meeting. Our Standards: The Thomson Reuters Trust Principles. Click to reveal Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Gov. [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. https://www.nytimes.com/2022/03/11/opinion/disney-florida-lgbtq.html, Illustration by The New York Times; Photography by johnnylemonseed, and OpThailand via Getty Images. 2023 FOX News Network, LLC. 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. 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. The move takes . told me, If we get involved in everything our employees want to get involved in, that would become my full-time job. On the other hand, Kropp said: Youve got a set of values. All Rights Reserved. The entrance to Disney World in Orlando, Florida. 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. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. "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. Anyone can read what you share. 3 min read. Download all contribution records for this person. The tensions seem to be intensifying. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. Cloudflare Ray ID: 7a2f8c127fb98108 Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. You can email the site owner to let them know you were blocked. "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. A backlash among Disney's senior executives grew to the point it reached the company's board.