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, 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. Weve already seen that happen a bit. ', 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. Facebook gives people the power to. 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 . Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. 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. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Chris Palmeri reports. 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. The more a company does, the more it is expected to do. 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 . As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. They are also able to put foward shareholder proposals. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. She is based in New York. 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. His attempt to keep out of the spotlight had failed. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. With the departure of Arnold . Send a note to coy-newsletter@nytimes.com. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. "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. Send us a tip using our annonymous form. Arnold thanked Chapek for leading the company through the pandemic. 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. Picture taken July 24, 2021. 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. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. She had joined Procter & Gamble in 1980 and held several management and marketing positions before becoming the manager of Procter & Gamble's cosmetics business in Canada in 1990. 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.. As a subscriber, you have 10 gift articles to give each month. susan arnold disney political party. The move comes as the company faces a proxy fight with an influential activist shareholder. What's the least amount of exercise we can get away with? Walt Disney Co. named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced . 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. "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's also been a director at McDonald's . Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. 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. The $260 billion media giant named Susan Arnold on Wednesday as . The term party has since come to be applied to all organized groups seeking political power, whether . Susan Arnold Young, Education, Political Party, Movies. And so on. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. 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. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. Are you going to stand up for them or not?. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. 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. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Health workers in protective gear carry out tests at the theme park, Disney and Scarlett Johansson settle lawsuit, New Disney movies to debut exclusively in cinemas, Shang-Chi leads cinema fightback at box office, Historic ocean treaty agreed after decade of talks, China looks at reforms to deepen Xi's control, Inside the enclave surrounded by pro-Russia forces, 'The nurses wanted me to feel guilty about my abortion, From Afghan TV fame to a US factory floor. 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 . She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. Susan Arnold will succeed Bob Iger as the next Disney chairman. "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. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Click to reveal 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. A backlash among Disney's senior executives grew to the point it reached the company's board. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Prior to that, she was Vice Chair of P&G Beauty and. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. 38/$4,515. 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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. 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 . Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Get this delivered to your inbox, and more info about our products and services. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. [2], She is an operating executive of The Carlyle Group, since September 2013. Tom Cruise and Steven Spielberg reconcile at Oscars luncheon, Disneys Bob Iger open to selling Hulu, plans exit in two years, Adam Scott, Lee Edward Colston II, and Sandy King Carpenter on The Treat, Wintering and enchantment: A pathway to healing and happiness, Born of persecution, Parsi cooking melds Persian and Indian cuisines, Playwright and actor Lee Edward Colston II on the beauty of a Black audience. "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. Got a confidential news tip? All Rights Reserved. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Arnold has served as the panel . Predecessor. Photo by Marko Aliaksandr. asks James Heskett. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. What science tells us about the afterlife. Mr Iger's exit marks the end of an era for Disney, who has been in a senior role at the company since 1996. 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. Philosopher. [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. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). 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. The Walt Disney Company. Opinions expressed are those of the author. She is a white, non hispanic female registered to vote in Broward County . 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 . Hell be succeeded by Susan Arnold. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. This isnt just a Disney issue. 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 . Contribution Totals. Gov. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. But Disneys appointment could have been more thoughtful. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. James Smith. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. By Ryan Faughnder Staff Writer. noted on a politically optimistic earnings call two days after the election, he supports closing tax . Your IP: 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. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. 2023 Deadline Hollywood, LLC. "[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. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. Iger is set to step away from the role by the end of this year. One C.E.O. We've received your submission. Another activist investor, Dan Loeb, agitated last year for Disney to spin off or sell ESPN but backed off in September saying he had a better understanding of the assets value to the broader company. Disney recommends its staffers hit the books, suggesting one essay that encourages parents to commit to raising race-consciousness in children and which teaches that even babies discriminate against members of other races. This material may not be published, broadcast, rewritten, or redistributed. "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. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. It's a woke world after all. 42/$4,105. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. Changes at the top are disruptive and Disney is undergoing its own transformation. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. 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. but a. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Thanks for contacting us. #Disney #BobIger #BobChapek Bob Iger strenghtens his grip on Disney by ousting Susan Arnold as Chairman of the Board, install a cronie in her place . 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. Parker's appointment is Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Hell be succeeded by Susan Arnold. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. 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 . 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 . DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. 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. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. 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. In 2016, the firm opened its first theme park and resort in mainland China. 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. See here for a complete list of exchanges and delays. 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. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. Title. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. "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 . "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. 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. 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. As a result, the board will be reduced to 11 members. Arnold is a 14-year member of the Disney . The Company expects to file preliminary materials with respect to the 2023 Annual Meeting of Stockholders shortly and looks forward to communicating with its stockholders once definitive proxy materials are available. Market data provided byFactset. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. 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. He then joined Disney and became the CEO in 2005. 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. Arnold will begin her new role Dec. 31 . Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. All Rights Reserved. Iger struck a reassuring tone in his first email to staff on . They Were Secretly Conservative Spies. 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. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Walt Disney Co 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. When Bob Iger officially leaves Disney at the end of . 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 . By Prince Akoenyenu November 21, 2022. Deadline is a part of Penske Media Corporation. On Nov. 29, Twitter announced that Taylor would become its chairperson. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 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. Now theres the possibility that he could own a sports team or take on another big public role. The action you just performed triggered the security solution. 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. Quotes displayed in real-time or delayed by at least 15 minutes. susan e arnold political partyvictoria centre car park consettvictoria centre car park consett Language. Description. 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? Includes location, related records, political party, and more. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. Joseph Prezioso/ZUMA Wire. You can email the site owner to let them know you were blocked. While Iger came from a creative background, thats not the case with Arnold. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Chairman of the board Bob Iger leaves at the end of 2021. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007.
susan arnold disney political party