Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. As Disney Board Chair, What Would You Advise CEO Bob Chapek Regarding 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. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? The change will take effect after the company's annual shareholder meeting. All quotes delayed a minimum of 15 minutes. Changes at the top are disruptive and Disney is undergoing its own transformation. susan e arnold political party - casparicreative.com Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. 93. 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 action you just performed triggered the security solution. Sabado Domingo @SabadoD00554481. ', 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. "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. There was talk of him serving as ambassador to China, but that never came to be. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. She's also been a director at McDonald's . Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek She was formerly an executive at global investment firm Carlyle. But Disneys appointment could have been more thoughtful. Bob Iger completes Disney takeover, outs Susan Arnold feat. Kamran 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. susan e arnold political party Yes, even on a piece of state legislation that did not directly involve Disney. 2020 Transaction Count/Amount. This isnt just a Disney issue. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. Also known as. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Have feedback? Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Susan Arnold to Succeed Bob Iger as Disney Chairman Will the Marvel invincibility last? 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. Disney names Susan Arnold to replace Bob Iger as chairman - L.A This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. By Prince Akoenyenu November 21, 2022. She has also served in senior roles at some of America's biggest companies. Regarding your Wednesday newsletter on businesses cutting ties with Russia over its invasion of Ukraine: When it comes to a crunch, corporations are showing their commitment to preserving democracy and Western values, which cannot be readily quantified in monetary terms. Susan Arnold will replace Bob Iger, according to the Burbank, California-based entertainment giant.When she assumes the role on December 31, she will become the first woman to chair Disney's . 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.". Legal Statement. We want to hear from you. Click to reveal Disney. Get our latest storiesin the feed of your favorite networks. Susan E. Arnold. Susan Arnold Net Worth (2022) | wallmine Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Bob Iger appointed as Disney's next CEO - indianexpress.com FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. susan arnold disney political party - fiojoconstruction.com Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Do Not Sell or Share My Personal Information. 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. "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. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. 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. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. They targeted moderate . 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. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. Arnold is a 14-year member of the Disney . Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. Disney appoints woman as chair for first time in 98-year history . Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Book Susan Arnold | Speakers Bureau | Booking Agent Info Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. ", Gov. Joseph Prezioso/ZUMA Wire. The far-left turn by the house of Mickey Mouse has led to sky-high tensions, but staffers are terrified about speaking out against the ideology, multiple employees told City-Journal. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. 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. 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. On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. In 2016, the firm opened its first theme park and resort in mainland China. Mark Parker Named Disney Chairman, Susan Arnold Exits - Variety edit. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. As a subscriber, you have 10 gift articles to give each month. 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. 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 Street likes Mr. Iger almost as much . Mr. Igers mandate is to use his two-year term and depth of experience in the industry to adapt the business model for the shifting media landscape, rebalancing investment with revenue opportunity while bringing a renewed focus on the creative talent that has made The Walt Disney Company the envy of the industry. Disney catches it from all sides over Florida's 'don't say gay' bill Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Where he heads next is still an open question. "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. As a result, the board will be reduced to 11 members. Philosopher. The company made the announcement today. Chairman of the Board. List of management of The Walt Disney Company 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. You can email the site owner to let them know you were blocked. Susan Arnold - Wikidata 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. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images), GET FOX BUSINESS ON THE GO BY CLICKING HERE, Nothing in the Florida legislation itself mentions the word "gay." All Rights Reserved. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). Disney has a new board chair, and she's a gay woman. In the vehicle market, certain brands (Subaru, Honda) appeal more to liberals and others (Ford, GMC) appeal more to conservatives, albeit without getting political themselves. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. Language. The date of the Annual Meeting has not yet been announced. 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. Disney Names Susan Arnold Chairman as Iger Nears Departure [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]. View the profiles of people named Susan Arnold. 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. "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. Includes location, related records, political party, and more. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. Sign up for free newsletters and get more CNBC delivered to your inbox. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. -. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. That fits with the direction Disney is headed in generally. Susan Arnold - Wikipedia The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Arnold thanked Chapek for leading the company through the pandemic. Photo by Marko Aliaksandr. Susan Arnold is an American business executive and chairwoman of Walt Disney. They Seemed Like Democratic Activists. They Were Secretly Conservative Susan E . Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. 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. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Cloudflare Ray ID: 7a2f8c127fb98108 Disney has a new board chair, and she's a gay woman | KCRW Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. 2023 Deadline Hollywood, LLC. They Were Secretly Conservative Spies. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. Your IP: Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board 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. Consumers are turning to vote with their dollar.. That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. 2023 FOX News Network, LLC. 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.". Chairman of the board Bob Iger leaves at the end of 2021. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. from 1999 to present. The more a company does, the more it is expected to do. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. 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. The Walt Disney Company Board has continued to evolve to ensure it has the right combination of backgrounds, skill sets and perspectives to guide the Company into the future. 67.227.155.73 Disney has named board member Mark Parker, Nike's executive chairman, as its new chairman of the board, succeeding Susan Arnold, the company announced Wednesday. Sabado Domingo on Twitter: "@WDWNT Oh no. Another wokester." / Twitter Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. Title. Label. susan e arnold political party Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. "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. The entrance to Disney World in Orlando, Florida. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. By subscribing, I agree to the Terms of Use and Privacy Policy. Got a confidential news tip? Advertisement. Opinion | Disney Can't Hide From Politics - The New York Times [2], She is an operating executive of The Carlyle Group, since September 2013. Susan Arnold to Succeed Bob Iger as Disney Chairman - YouTube Susan Arnold - $10,118 in Political Contributions for 2004 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 . Chairman of the board Bob Iger leaves at the end of 2021. That angers both sides, he said. With the departure of Arnold, Disney's board will shrink to 11 . 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 . 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. Political party | Definition, Types, Functions, Examples, & Facts I interviewed Brian Kropp, chief of research in Gartners human resources practice. "[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. Iger back on top in a Disney plot twist that few saw coming The great irony of this is that the people who are in charge of Disney are some of the richest and most powerful and privileged white males in the history of humanity and they are pushing this divisive, critical race theory based ideology as corporate dogma and the only end of this is division. Hell be succeeded by Susan Arnold. Description. The Walt Disney Company has a big problem. 2023 BBC. The Walt Disney Company. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. 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. Susan Arnold: After 98 years, Walt Disney gets first woman chair