Bob Iger appointed as Disney's next CEO - indianexpress.com Arnold has served as the panel . Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Susan Arnold - $10,118 in Political Contributions for 2004 Susan E. Arnold - The Walt Disney Company 2023 FOX News Network, LLC. For the last eight years Ms Arnold has been an executive at Carlyle Group, having previously held roles at consumer goods giant Procter and Gamble and fast food chain McDonald's. 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 . American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. 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 CEO Apology: What Went Wrong With Messaging on "Don't - Insider Hell be succeeded by Susan Arnold. Sabado Domingo on Twitter: "@WDWNT Oh no. Another wokester." / Twitter The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. Disney has a progressive record on sexuality and gender. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. 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. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Contribution Totals. Susan E . Susan Arnold (Q535362) Susan Arnold. Instead, they are often weaponized by one side or the other to further divide and inflame. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. The action you just performed triggered the security solution. 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. 10. 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. Market data provided byFactset. Iger back on top in a Disney plot twist that few saw coming By subscribing, I agree to the Terms of Use and Privacy Policy. Parker's appointment is 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. Arnold will begin her new role Dec. 31 . Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. 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. 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 . 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. As part of the challenge, staffers learn about their white privilege and are asked to fill out a white privilege checklist, with choices such as: I am white, I am heterosexual, I am a man, I still identity as the gender I was born in, I have never been raped, I dont rely on public transportation, and I have never been called a terrorist., The company has recently shown a willingness to embrace the new ideology, adding content advisories to films such as Dumbo, Aladdin, and Fantasia.. Also known as. Powered and implemented byFactSet Digital Solutions. Disney goes woke with new anti-racist agenda for employees The . Arnold thanked Chapek for leading the company through the pandemic. Susan E Arnold - LittleSis Gov. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens, Prolific Actor Dies At 61 After Aneurysm; Hollywood Reax + Career In Photos, Eyes $51M+ Opening In U.S., A Record For Rocky Spinoff Franchise & Amazon, SAG-AFTRA And Casting Directors Weigh In On Self-Tape Controversy, Oscar Winner Guillermo del Toro On The Films That Lit His Fuse. Who Is Disney Board Chair Susan Arnold? - TheStreet Disney has a new board chair, and she's a gay woman. 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. 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. 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. 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. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Disney names Susan Arnold to replace Bob Iger as chairman - L.A On Wednesday, Chapek made his first public statement against the bill at the companys annual shareholder meeting, which was dominated by talk of Dont Say Gay rather than the companys (strong) financial condition. 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. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. All Rights Reserved. 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. 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. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. "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. 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. susan e arnold political party 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. Quotes displayed in real-time or delayed by at least 15 minutes. The change will take effect after the company's annual shareholder meeting. Iger is set to step away from the role by the end of this year. The company made the announcement today. Iger back on top in a Disney plot twist that few saw coming Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. 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. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. 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Iger back on top in a Disney plot twist that few saw coming Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. There was talk of him serving as ambassador to China, but that never came to be. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. "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. Christopher Palmeri. 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 . 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. The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. 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. 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. [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. Susan Arnold to succeed Bob Iger as Disney chairman - New York Post Facebook gives people the power to. One C.E.O. Opinions expressed are those of the author. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. Walt Disney Co. named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced . She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). They are also able to put foward shareholder proposals. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007.