In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. The date of the Annual Meeting has not yet been announced. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. What science tells us about the afterlife. Hell be succeeded by Susan Arnold. 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. Our Standards: The Thomson Reuters Trust Principles. This isnt just a Disney issue. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. 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. Susan Arnold - Credit: dailyO. See here for a complete list of exchanges and delays. 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. She's also been a director at McDonald's . All Rights Reserved. Philosopher. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Contribution Totals. It's a movement. 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 . AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. This website is using a security service to protect itself from online attacks. 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? Legal Statement. Consumers are turning to vote with their dollar.. Will the Marvel invincibility last? They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. ', 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. 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. political party, a group of persons organized to acquire and exercise political power. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. Susan Arnold Young, Education, Political Party, Movies. Hell be succeeded by Susan Arnold. Deadline is a part of Penske Media Corporation. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. In 2016, the firm opened its first theme park and resort in mainland China. "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. "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 Fair Political Practices Commission is looking at whether former Gov. The best of what to see, hear, eat, do, and more. But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. That angers both sides, he said. 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. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Market data provided byFactset. She is known for her involvement in several works by the entertainment giant company. 67.227.155.73 38/$4,515. (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 . The entrance to Disney World in Orlando, Florida. Mr. Iger 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. 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 . noted on a politically optimistic earnings call two days after the election, he supports closing tax . Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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 . #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 . While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. 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. Christopher Palmeri. 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. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Susan E. Arnold. 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 . Get this delivered to your inbox, and more info about our products and services. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. By Prince Akoenyenu November 21, 2022. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. 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. Trust in Congress is decreasing. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Trian Partners L.P. and Trian Partners Parallel Fund I, L.P., wholly owned subsidiaries of Trian Fund Management, L.P., along with other entities affiliated with Nelson Peltz (collectively, the Trian Group), have nominated Nelson Peltz for election as director at the Annual Meeting in opposition to the nominees recommended by the Board, and brought a proposal to amend Disneys Bylaws. The action you just performed triggered the security solution. "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. 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. Chairman of the Board. On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. Changes at the top are disruptive and Disney is undergoing its own transformation. 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. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. But it keeps getting dragged into politics, often by employees who tend to be liberal and want the company to reflect their values. 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. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. 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 . 2021-present. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. [2], She is an operating executive of The Carlyle Group, since September 2013. He now holds two big jobs that will split his attention. Do you know this baby? Susan Arnold Biography. A Division of NBCUniversal. The BBC is not responsible for the content of external sites. 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 . According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. 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. What's the least amount of exercise we can get away with? Arnold thanked Chapek for leading the company through the pandemic. Arnold thanked Chapek for leading the company through the pandemic. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . 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. "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," said Susan Arnold, Disney's chairman (who will keep that title), in a written statement. [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]. 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 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. Gov. Label. 93. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Susan E . Do Not Sell or Share My Personal Information. Opinions expressed are those of the author. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. Iger has a two year contract. You can email the site owner to let them know you were blocked. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. 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. Disneys in a big moment of transition. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. 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. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Cloudflare Ray ID: 7a2f8c127fb98108 There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. But Disneys appointment could have been more thoughtful. This material may not be published, broadcast, rewritten, or redistributed. We want to hear from you. Susan Arnold will succeed Bob Iger as the next Disney chairman. They targeted moderate . 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. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. 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. The Walt Disney Company 's board of directors has named Susan Arnold, a 14-year member of the board, as its new chair, succeeding the outgoing Bob Iger. 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.
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