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. 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.
Sabado Domingo on Twitter: "@WDWNT Oh no. Another wokester." / Twitter 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 . 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. As part of the challenge, staffers learn about their white privilege and are asked to fill out a white privilege checklist, with choices such as: I am white, I am heterosexual, I am a man, I still identity as the gender I was born in, I have never been raped, I dont rely on public transportation, and I have never been called a terrorist., The company has recently shown a willingness to embrace the new ideology, adding content advisories to films such as Dumbo, Aladdin, and Fantasia.. Cloudflare Ray ID: 7a2f8c127fb98108 "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. 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.
Susan Arnold: After 98 years, Walt Disney gets first woman chair Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Susan Arnold - Credit: dailyO. 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. When is Eurovision and how do you get tickets? 2023 BBC. She has also served in senior roles at some of America's biggest companies. The Walt Disney Company has a big problem. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. 2023 KCRW All Rights Reserved. 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. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice.
Susan Arnold Net Worth (2022) | wallmine Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. 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.
Susan Arnold - $10,118 in Political Contributions for 2004 Disney names Susan Arnold chair of the board, replacing Iger 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. 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. 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. Join Facebook to connect with Susan Arnold and others you may know. 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. Susan Arnold . AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. 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.. Predecessor. Disneys in a big moment of transition.
Susan Arnold named chairman of the board for Walt Disney Co. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Powered and implemented byFactSet Digital Solutions. "The Street likes Mr. Iger almost as much . Jeannetta Arnette. 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 move takes . (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). You can email the site owner to let them know you were blocked. Sign up for free newsletters and get more CNBC delivered to your inbox. She was an operating . Our Standards: The Thomson Reuters Trust Principles. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. Thanks for contacting us. She is based in New York. Dec. 1, 2021 Updated 2:18 PM PT. "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. 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. See here for a complete list of exchanges and delays. 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. Iger is set to step away from the role by the end of this year. See here for a complete list of exchanges and delays. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. 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. He'll be succeeded by Susan Arnold. Now theres the possibility that he could own a sports team or take on another big public role. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Market data provided byFactset. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. 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. And so on.
Disney is not what it was when Bob Iger left. Does he have the magic 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. But mammoth companies like Disney arent usually ready to give up on any part of their customer base, so the stresses of political involvement are likely to continue. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Yes, even on a piece of state legislation that did not directly involve Disney. Parker's appointment is Chris Palmeri reports. from 1999 to present. "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. The more a company does, the more it is expected to do. 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. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. 2023 Deadline Hollywood, LLC. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays.
She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. 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. "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. 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. Prior to that, she was Vice Chair of P&G Beauty and. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming.
Disney Elects Susan Arnold Chairman of the Board of Directors The move comes as the company faces a proxy fight with an influential activist shareholder. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox.
Disney Board Elects Susan Arnold to Replace Bob Iger - Investopedia 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. 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. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. 10.
Get this delivered to your inbox, and more info about our products and services. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. 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. I interviewed Brian Kropp, chief of research in Gartners human resources practice. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009.
Susan Arnold to Succeed Bob Iger as Disney Chairman - YouTube But that progressive record was no shield from criticism. The change will take effect after the company's annual shareholder meeting.
Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. That fits with the direction Disney is headed in generally. 2023 FOX News Network, LLC.
Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. Data is a real-time snapshot *Data is delayed at least 15 minutes.
List of management of The Walt Disney Company Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. 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. The Walt Disney Company has a big problem. Hell be succeeded by Susan Arnold. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007.
Conservative legal group accuses Disney of violating civil rights 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. Quotes displayed in real-time or delayed by at least 15 minutes. 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.