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. 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. One C.E.O. 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 . He now holds two big jobs that will split his attention. Do you know this baby? 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. By Ryan Faughnder Staff Writer. Download all contribution records for this person. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. The . In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. When is Eurovision and how do you get tickets? It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. 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. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Advertisement. The C.E.O.s who say something but then follow it up with a real resource commitment and explain why theyre doing it employees that agree are engaged and excited, Kropp said. 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. 10. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. 38/$4,515. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 2023 KCRW All Rights Reserved. It's a woke world after all. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Do Not Sell or Share My Personal Information. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. Are you going to stand up for them or not?. Photo by Marko Aliaksandr. 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.. 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.. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. "[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. [2], She is an operating executive of The Carlyle Group, since September 2013. 3 min read. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). 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. 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. "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. 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Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. The more a company does, the more it is expected to do. Changes at the top are disruptive and Disney is undergoing its own transformation. Jeannetta Arnette. 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. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Chris Palmeri reports. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. She retired from Procter & Gamble on September 1, 2009. She was an operating executive at The Carlyle Group until this year. 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. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. Thanks for contacting us. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. She's also been a director at McDonald's . And so on. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. 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. What science tells us about the afterlife. "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. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. The company made the announcement today. The Walt Disney Company has a big problem. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. There was talk of him serving as ambassador to China, but that never came to be. James Smith. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Iger has a two year contract. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? He said the worst possible move for a company is to take a position on a social issue but not follow through on it. 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. 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 . The Walt Disney Company 's board of directors has named Susan Arnold, a 14-year member of the board, as its new chair, succeeding the outgoing Bob Iger. To a Spreadsheet or Other File Type. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. December 2, 2021. Susan E . Disney. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. 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. Iger has been gradually removing himself from active . A Division of NBCUniversal. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. Language. Arnold thanked Chapek for leading the company through the pandemic. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. As a subscriber, you have 10 gift articles to give each month. Hell be succeeded by Susan Arnold. By Prince Akoenyenu November 21, 2022. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. The BBC is not responsible for the content of external sites. Disney shares were relatively flat in after-hours trading. She was formerly an executive at global investment firm Carlyle. The great irony of this is that the people who are in charge of Disney are some of the richest and most powerful and privileged white males in the history of humanity and they are pushing this divisive, critical race theory based ideology as corporate dogma and the only end of this is division. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . 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. 2023 CNBC LLC. 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 most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. . susan arnold disney political party. Susan Arnold will succeed Bob Iger as the next Disney chairman. 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. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. I interviewed Brian Kropp, chief of research in Gartners human resources practice. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. 2023 FOX News Network, LLC. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. Signup for Breaking News Alerts & Newsletters. Staffers are told to reject equality for equity and must reflect on Americas racist infrastructure and think carefully about whether or not [their] wealth is derived from racism, according to the documents. Picture taken July 24, 2021. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Cloudflare Ray ID: 7a2f8c127fb98108 Iger is set to step away from the role by the end of this year. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The term party has since come to be applied to all organized groups seeking political power, whether . With the departure of Arnold . What's the least amount of exercise we can get away with? All Rights Reserved. He then joined Disney and became the CEO in 2005. When Bob Iger officially leaves Disney at the end of . The tensions seem to be intensifying. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. And Ive continually gotten the unspoken answer: no, the employee told the outlet. [11][12] She was elected chair on December 31, 2021. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. "As I step into this new role as chairman of the board, I look forward to continuing to serve the long-term interests of Disney's shareholders and working closely with CEO Bob Chapek as he builds upon the company's century-long legacy of creative excellence and innovation," Ms Arnold said in a statement. ', 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. The move comes as the company faces a proxy fight with an influential activist shareholder. This isnt just a Disney issue. 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. Arnold thanked Chapek for leading the company through the pandemic. Susan Arnold (Q535362) Susan Arnold. Arnold is bumping up against Disneys own corporate governance guidelines that state the board wont nominate for re-election any non-management director after completing 15 years of service. "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. American First Legal (AFL) senior counselor Reed Rubinstein argues in a letter written on behalf of "concerned shareholders and customers of" Disney that the company's management "may be" in violation of Title VII of the Civil Rights Act; Florida's Civil Rights Act; and California Labor Code sections 1101 and 1102. Warner Bros. golden ticket: Will they make new Lord of the Rings films? Powered and implemented byFactSet Digital Solutions. Susan Arnold Biography. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. Chairman of the board Bob Iger leaves at the end of 2021. "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 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. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. 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. "Floridas HB 1557, also known as the Dont Say Gay bill, should never have passed and should never have been signed into law," the Disney statement said. 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 . 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. 1 He will be replaced by Susan Arnoldwho has been . They targeted moderate . Predecessor. She is known for her involvement in several works by the entertainment giant company. 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. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. 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. He'll be succeeded by Susan Arnold. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. By subscribing, I agree to the Terms of Use and Privacy Policy. The $260 billion media giant named Susan Arnold on Wednesday as . Get the latest from KCRW in your inbox 3x a week. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. We want to hear from you! Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Also known as. 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. 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. Physics is the law, everything else is a recommendation.. [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. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke .
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