She'll succeed Bob Iger, who stepped down as Disney CEO early last year. 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. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. Cloudflare Ray ID: 7a2f8c127fb98108 View the profiles of people named Susan Arnold. 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. They Were Secretly Conservative Spies. "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. Susan Arnold is an American business executive and chairwoman of Walt Disney. Read about our approach to external linking. I interviewed Brian Kropp, chief of research in Gartners human resources practice. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. from 1999 to present. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. 93. 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. It's a woke world after all. 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 . NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. ", Gov. The industry leader for online information for tax, accounting and finance professionals. "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". And Ive continually gotten the unspoken answer: no, the employee told the outlet. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. Iger has been gradually removing himself from active . AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 2023 BBC. 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. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. 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. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Joseph Prezioso/ZUMA Wire. She is based in New York. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? Under him, the behemoth acquired Pixar . The tensions seem to be intensifying. There was talk of him serving as ambassador to China, but that never came to be. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. The move comes as the company faces a proxy fight with an influential activist shareholder. Susan Arnold . 2020 Transaction Count/Amount. While Iger came from a creative background, thats not the case with Arnold. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. 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. "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. Chairman of the board Bob Iger leaves at the end of 2021. 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. 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. 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. 38/$4,515. All rights reserved. Performance & security by Cloudflare. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. 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. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. That angers both sides, he said. 0. 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 E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. Christopher Palmeri. 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.. 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. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. As a subscriber, you have 10 gift articles to give each month. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 42/$4,105. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. All Rights Reserved. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. 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 . Physics is the law, everything else is a recommendation.. 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. On Nov. 29, Twitter announced that Taylor would become its chairperson. Wall Street applauded Iger's return. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. A backlash among Disney's senior executives grew to the point it reached the company's board. Arnold thanked Chapek for leading the company through the pandemic. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. The article describes an environment in which some Disney employees allegedly found themselves "the target of scrutiny and likely termination" if they spoke out against Disney's political stances. 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. [11][12] She was elected chair on December 31, 2021. Dec. 1, 2021 Updated 2:18 PM PT. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. 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. 2023 KCRW All Rights Reserved. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. 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. 67.227.155.73 In some cases the restive employees are conservatives, not liberals. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Mr Iger's exit marks the end of an era for Disney, who has been in a senior role at the company since 1996. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. Do Not Sell or Share My Personal Information. When Bob Iger officially leaves Disney at the end of . susan arnold disney political party. Do you know this baby? Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. [2], She is an operating executive of The Carlyle Group, since September 2013. Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. When is Eurovision and how do you get tickets? 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. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. Deadline is a part of Penske Media Corporation. . 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. Arnold has been a member of Disneys board since 2007. [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. 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. Description. 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. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. "[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. Arnold served as an operating executive at The . Get this delivered to your inbox, and more info about our products and services. 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.

Paxful Queued To Send Out, Fort Hood Deaths 2021 List, Articles S