The term party has since come to be applied to all organized groups seeking political power, whether . Its been a tumultuous period for the company culminating in an abrupt CEO change in November as Bob Iger returned, taking the reins from Bob Chapek. 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 . Susan Arnold . Under him, the behemoth acquired Pixar . She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. 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. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. 42/$4,105. He'll be succeeded by Susan Arnold. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. By subscribing, I agree to the Terms of Use and Privacy Policy. Get the latest from KCRW in your inbox 3x a week. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. "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. Chairman of the board Bob Iger leaves at the end of 2021. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Send us a tip using our annonymous form. 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. Mutual Fund and ETF data provided byRefinitiv Lipper. 2018 Transaction Count/Amount. FAQ - New Privacy Policy, New York Posts Karol Markowicz discusses how Disney is pushing back against Floridas parental rights bill and how she is quitting the park on Fox Business Tonight., FIRST ON FOX: 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 "discriminate," "alienate the Companys core customers" and even "violate the law.". (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 . She was formerly an executive at global investment firm Carlyle. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. 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. 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. [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. Will the Marvel invincibility last? In some cases the restive employees are conservatives, not liberals. Philosopher. The Walt Disney Company announced Wednesday that it has elected Susan Arnold to be its next chairman of the board, making her the first woman to helm the corporation in its 98-year history. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. Arnold served as an operating executive at The . Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. "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. 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. This website is using a security service to protect itself from online attacks. But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. Our Standards: The Thomson Reuters Trust Principles. 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 . During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. The company has alsobackeda 21-Day Racial Equity and Social Justice Challenge day where participants are told they all been raised in a society that elevates white culture over others, City-Journal reported. 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. "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. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. It states that "classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age appropriate or developmentally appropriate for students in accordance with state standards.". 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. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Iger is set to step away from the role by the end of this year. Term. Picture taken July 24, 2021. Have feedback? Arnold will begin her new role Dec. 31 . 38/$4,515. That puts her well above the average tenure of directors at companies in the S&P 500 Index, which stands at nearly 8 years, according to executive search firm Spencer Stuart. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Weve already seen that happen a bit. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. The Walt Disney Company has a big problem. She is a white, non hispanic female registered to vote in Broward County . "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". She had joined Procter & Gamble in 1980 and held several management and marketing positions before becoming the manager of Procter & Gamble's cosmetics business in Canada in 1990. 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. 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. Predecessor. The change will take effect after the company's annual shareholder meeting. Tom Cruise and Steven Spielberg reconcile at Oscars luncheon, Disneys Bob Iger open to selling Hulu, plans exit in two years, Adam Scott, Lee Edward Colston II, and Sandy King Carpenter on The Treat, Wintering and enchantment: A pathway to healing and happiness, Born of persecution, Parsi cooking melds Persian and Indian cuisines, Playwright and actor Lee Edward Colston II on the beauty of a Black audience. 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. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. Arnold thanked Chapek for leading the company through the pandemic. The more a company does, the more it is expected to do. She is based in New York. December 2, 2021. Changes at the top are disruptive and Disney is undergoing its own transformation. Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Title. BURBANK, Calif., December 1, 2021The Walt Disney Company (NYSE: DIS) Board of Directors announced that it has elected Susan E. Arnold as Chairman of the Board, effective December 31, 2021. He then joined Disney and became the CEO in 2005. Mr Iger's exit marks the end of an era for Disney, who has been in a senior role at the company since 1996. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Hell be succeeded by Susan Arnold. 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. There was talk of him serving as ambassador to China, but that never came to be. Susan Arnold Young, Education, Political Party, Movies. Download all contribution records for this person. Iger, a former weatherman, joined the TV broadcast network ABC in 1974, where he developed iconic American TV shows, such as "America's Funniest Home Videos" and "Home Improvement," and helped in creating "Who Wants to Be a Millionaire.". The Walt Disney Company has a big problem. 4. Disneys in a big moment of transition. 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. Arnold has served as the panel . Chairman of the Board. 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 . Iger led Disney for 15 years before stepping down in 2020. . Among measures to be voted on, Trianon also wants Disney to amend its bylayws. While Iger came from a creative background, thats not the case with Arnold. She was an operating executive at The Carlyle Group until this year. "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. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. The industry leader for online information for tax, accounting and finance professionals. Deadline is a part of Penske Media Corporation. 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.. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. 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 . As a result, the board will be reduced to 11 members. What's the least amount of exercise we can get away with? 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. "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. "Having most recently served as independent Lead Director, Susan is the perfect choice for Chairman of the Board, and I am confident the Company is well-positioned for continued success under her guidance and leadership," Iger said in a statement. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. See here for a complete list of exchanges and delays. 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. "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. Iger struck a reassuring tone in his first email to staff on . Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. [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]. By Prince Akoenyenu November 21, 2022. With the departure of Arnold . Cloudflare Ray ID: 7a2f8c127fb98108 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. 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.. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. 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. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. political party, a group of persons organized to acquire and exercise political power. Several other Disney executives have announced plans to leave by the end of this year, including studios head Alan Horn, president and chief creative officer of Disney Branded Television Gary Marsh and company general counsel Alan Braverman.