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. 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.. 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. This is a list of The Walt Disney Company's Executive Management Team, both present and historical. Joseph Prezioso/ZUMA Wire. Susan Arnold . Disney Faces Proxy Fight as Peltz Pushes to Join Board Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Disney has a new board chair, and she's a gay woman. "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 Board Elects Susan Arnold to Replace Bob Iger - Investopedia 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 . Download all contribution records for this person. 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. Disney names Susan Arnold to replace Bob Iger as chairman - L.A 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. "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. As a subscriber, you have 10 gift articles to give each month. 2023 Deadline Hollywood, LLC. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. 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. While Iger came from a creative background, thats not the case with Arnold. Arnold thanked Chapek for leading the company through the pandemic. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Arnold will begin her new role Dec. 31 . Arnold is a 14-year member of the Disney . 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. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. Susan E . Photo by Marko Aliaksandr. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. 3 min read. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. noted on a politically optimistic earnings call two days after the election, he supports closing tax . Iger struck a reassuring tone in his first email to staff on . 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. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. Signup for Breaking News Alerts & Newsletters. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). See here for a complete list of exchanges and delays. 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. The WSJ said Trian execs met with Disney brass, including Iger and CFO Christine McCarthy, Tuesday in an attempt to come to an agreement and avoid a proxy battle, and that Arnold called Peltz this morning to offer him a role as a board observer and ask him to sign a standstill agreement, which he declined. She was an operating executive at The Carlyle Group until this year. 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. susan e arnold political party All Rights Reserved. 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 appoints woman as chair for first time in 98-year history The BBC is not responsible for the content of external sites. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Sabado Domingo @SabadoD00554481. Instead, they are often weaponized by one side or the other to further divide and inflame. Get the latest from KCRW in your inbox 3x a week. Arnold, who has sat on the Mouse House's board for 14 years and who has . Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. December 2, 2021. Susan Arnold (Q535362) Susan Arnold. 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. Iger led Disney for 15 years before stepping down in 2020. . Disney goes woke with new anti-racist agenda for employees 2018 Transaction Count/Amount. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. Gov. That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. 2021-present. 93. 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%. Mr Iger's exit marks the end of an era for Disney, who has been in a senior role at the company since 1996. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. At the same time, it is the top priority of mine and the Boards to identify and prepare a successful CEO successor, and that process has already begun.. 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. "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. 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. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. James Smith. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. Hell be succeeded by Susan Arnold. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. 2020 Transaction Count/Amount. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. political party, a group of persons organized to acquire and exercise political power. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Susan Arnold Biography. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. The average tenure of the current Board is four years, with three directors serving fewer than two years, and in addition the Board is led by an independent chairman. The more a company does, the more it is expected to do. Join Facebook to connect with Susan Arnold and others you may know. The . All Rights Reserved. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. "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. The best of what to see, hear, eat, do, and more. Contribution Totals. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. [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. 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. Disney faces proxy fight as Peltz pushes to join board Susan Arnold Named Chairman Of The Board Of The Walt Disney Company Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Jeannetta Arnette. Parker, a Disney board director since 2016 and current executive chairman of Nike, will succeed Susan Arnold, a veteran business leader who is not standing for reelection due to . They Seemed Like Democratic Activists. They Were Secretly Conservative [13] On January 11, 2023, Disney announced that Arnold would no longer serve as the board's chair after the next annual shareholder meeting and would be replaced by former Nike CEO Mark Parker.[14]. Wall Street applauded Iger's return. (Unsplash/Brian McGowan) Early in 2022, Bob Chapek, CEO of The Walt Disney Companyone of Florida's largest employers with roughly 80,000 employeesand taxpayers, had reason to be satisfied with the company's performance, having just . Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Powered and implemented byFactSet Digital Solutions. Iger is set to step away from the role by the end of this year. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. Disney appoints its first female board chair : NPR All quotes delayed a minimum of 15 minutes. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Susan E. Arnold graduated from the University of Pennsylvania with a Bachelor of Arts degree, and from the University of Pittsburgh with a Master of Business Administration degree. 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 . Title. 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. The entrance to Disney World in Orlando, Florida. susan e arnold political party 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. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. This story has been shared 123,414 times. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Bob Iger appointed as Disney's next CEO - indianexpress.com Data is a real-time snapshot *Data is delayed at least 15 minutes. There was talk of him serving as ambassador to China, but that never came to be. 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. Under him, the behemoth acquired Pixar . Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. "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. This website is using a security service to protect itself from online attacks. Market data provided byFactset. You can email the site owner to let them know you were blocked. susan arnold disney political party - fiojoconstruction.com Susan Arnold Profiles | Facebook She has also served in senior roles at some of America's biggest companies. 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 is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. Susan Arnold from Tamarac, Florida | VoterRecords.com Facebook gives people the power to. In 2016, the firm opened its first theme park and resort in mainland China. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. 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. The Walt Disney Co. has named board member Susan Arnold chairman, replacing Bob Iger when he steps down at the end of the year.. Arnold is a 14-year member of the Disney (NYSE: DIS) board who has . 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. Picture taken July 24, 2021. "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. List of management of The Walt Disney Company 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. [11][12] She was elected chair on December 31, 2021. Disney meets low bar with new chair | Reuters But that progressive record was no shield from criticism. We want to hear from you! The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Parker's appointment is 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. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. Political party | Definition, Types, Functions, Examples, & Facts Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Susan Arnold Young, Education, Political Party, Movies. AFL cites an open letter from an unspecified number of Disney employees criticizing the company's political statements, as well as an article published on Quillette, an online magazine, from someone claiming to be a "company insider" condemning the group's internal messaging. Conservative legal group accuses Disney of violating civil rights 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. Opinions expressed are those of the author. Susan Arnold - $10,118 in Political Contributions for 2004 Philosopher. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. He now holds two big jobs that will split his attention. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. 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. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. Legal Statement. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . 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 . The date of the Annual Meeting has not yet been announced. Susan Arnold is an American business executive and chairwoman of Walt Disney. As a result, the board will be reduced to 11 members. 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. 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. Book Susan Arnold | Speakers Bureau | Booking Agent Info ', 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. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. susan e arnold political partyvictoria centre car park consettvictoria centre car park consett Get our latest storiesin the feed of your favorite networks. The term party has since come to be applied to all organized groups seeking political power, whether . Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. All rights reserved. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. https://www.nytimes.com/2022/03/11/opinion/disney-florida-lgbtq.html, Illustration by The New York Times; Photography by johnnylemonseed, and OpThailand via Getty Images. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Yes, even on a piece of state legislation that did not directly involve Disney. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The company made the announcement today. 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. susan arnold disney political party. She was formerly an executive at global investment firm Carlyle. 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. 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? 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.