[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. Disney Board Elects Susan Arnold to Replace Bob Iger - Investopedia Disney appoints woman as chair for first time in 98-year history All Rights Reserved. Have feedback? "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. Title. Click to reveal Label. What's the least amount of exercise we can get away with? 4. That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. 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. Warner Bros. golden ticket: Will they make new Lord of the Rings films? Susan Arnold named chairman of the board for Walt Disney Co. 3 min read. Iger back on top in a Disney plot twist that few saw coming Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. but a. Performance & security by Cloudflare. Arnold is a 14-year member of the Disney . 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. Legal Statement. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. 67.227.155.73 The move takes . Get the latest from KCRW in your inbox 3x a week. 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. Cloudflare Ray ID: 7a2f8c127fb98108 Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. 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. 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. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. Disney faces proxy fight as Peltz pushes to join board Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. 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. 0. 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. Walt Disney Co. has announced that Susan E. Arnold will succeed Robert Iger as chairman of the board, the first time a woman has held the position at the company, effective December 31st. 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. Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek Arnold thanked Chapek for leading the company through the pandemic. 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. There was talk of him serving as ambassador to China, but that never came to be. Chairman of the board Bob Iger leaves at the end of 2021. Facebook gives people the power to. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. Christopher Palmeri. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Susan Arnold Young, Education, Political Party, Movies - ABTC Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. "The decision of The Walt Disney Corporation to promote the introduction of age-inappropriate sexual material in kindergarten classrooms, including radical gender ideology, and to fight the democratically-elected government of Florida in order to achieve this end, jeopardizes the financial future of the company and its shareholders in service of an extreme political agenda," AFL President Miller told FOX Business. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. Now theres the possibility that he could own a sports team or take on another big public role. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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 . 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. 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. This website is using a security service to protect itself from online attacks. susan e arnold political party Chairman of the board Bob Iger leaves at the end of 2021. 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. Iger has been gradually removing himself from active . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. 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. 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 . Disney Names Susan Arnold Chairman as Iger Nears Departure Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. Weve already seen that happen a bit. Got a confidential news tip? They Were Secretly Conservative Spies. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. "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. The change will take effect after the company's annual shareholder meeting. 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. Disney meets low bar with new chair | Reuters Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. susan arnold disney political party. 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.. 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 . To a Spreadsheet or Other File Type. 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. Deadline is a part of Penske Media Corporation. Data is a real-time snapshot *Data is delayed at least 15 minutes. His attempt to keep out of the spotlight had failed. Chairman of the Board. Disney Faces Proxy Fight as Peltz Pushes to Join Board 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. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. 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. By Ryan Faughnder Staff Writer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Do Not Sell or Share My Personal Information. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. Arnold will begin her new role Dec. 31 . According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. Signup for Breaking News Alerts & Newsletters. "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. 2021-present. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Read about our approach to external linking. 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. Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board 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. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Thanks for contacting us. political party, a group of persons organized to acquire and exercise political power. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. #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 . They Seemed Like Democratic Activists. They Were Secretly Conservative Our Standards: The Thomson Reuters Trust Principles. Disney CEO Apology: What Went Wrong With Messaging on "Don't - Insider Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. 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. from 1999 to present. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). A Division of NBCUniversal. "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. Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. 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. Also known as. 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. Disney names Susan Arnold as its first woman chair | Reuters 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 Disneys Board Tenure Policy. Iger back on top in a Disney plot twist that few saw coming Predecessor. All Rights Reserved. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Susan Arnold Named Chairman Of The Board Of The Walt Disney Company Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. "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. 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. Chapek said he called DeSantis on Wednesday to express our disappointment and concern that if legislation becomes law, it could be used to unfairly target gay, lesbian, nonbinary and transgender kids and families.. 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. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. The $260 billion media giant named Susan Arnold on Wednesday as . 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 . On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Disney Board Member Susan Arnold To Succeed Bob Iger As - Yahoo! He said the worst possible move for a company is to take a position on a social issue but not follow through on it. Anyone can read what you share. Wall Street applauded Iger's return. Opinion | Disney Can't Hide From Politics - The New York Times 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%.