This story has been shared 123,414 times. Arnold served as an operating executive at The . She retired from Procter & Gamble on September 1, 2009. 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. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. Predecessor. 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 . He then joined Disney and became the CEO in 2005. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The Walt Disney Company. Disney Replaces Susan Arnold As Chair, Seeks To Fend Off Activist See here for a complete list of exchanges and delays. Bob Iger appointed as Disney's next CEO - indianexpress.com Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. The change will take effect after the company's annual shareholder meeting. Susan Arnold Net Worth (2022) | wallmine In some cases the restive employees are conservatives, not liberals. Disney is not what it was when Bob Iger left. Does he have the magic "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. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. 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. All Rights Reserved. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. 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. 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 . Disney appoints its first female board chair : NPR Susan Arnold Biography. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. Disney appoints woman as chair for first time in 98-year history When Disney Decided to Dump its CEO, the Change Happened Fast Performance & security by Cloudflare. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. This isnt just a Disney issue. 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. Description. Chris Palmeri reports. 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. "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. Iger back on top in a Disney plot twist that few saw coming See here for a complete list of exchanges and delays. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. By Ryan Faughnder Staff Writer. 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 . "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. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek 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. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. [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]. Disney Faces Proxy Fight as Peltz Pushes to Join Board Click to reveal As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. View the profiles of people named Susan Arnold. Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board Where he heads next is still an open question. 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. 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 . Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. He now holds two big jobs that will split his attention. Got a confidential news tip? edit. from 1999 to present. Get the latest from KCRW in your inbox 3x a week. Disney Board Member Susan Arnold To Succeed Bob Iger As - Yahoo! "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 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. 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. Susan Arnold - $10,118 in Political Contributions for 2004 His attempt to keep out of the spotlight had failed. Market data provided byFactset. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. 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? NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. I interviewed Brian Kropp, chief of research in Gartners human resources practice. Dec. 1, 2021 Updated 2:18 PM PT. 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. Contribution Totals. Are you going to stand up for them or not?. But that progressive record was no shield from criticism. Get this delivered to your inbox, and more info about our products and services. Disney. Picture taken July 24, 2021. 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.. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The entrance to Disney World in Orlando, Florida. Disney CEO Apology: What Went Wrong With Messaging on "Don't - Insider Do Not Sell or Share My Personal Information. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. Ant Man gets poor reviews. 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 . Deadline is a part of Penske Media Corporation. 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. Thanks for contacting us. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Its self-hatred, Rufo said Friday on Fox News Tucker Carlson Tonight., A Disney spokesperson told The Post Saturday that the internal documents are being deliberately distorted as reflective of company policy., In fact their purpose was to allow diversity of thought and discussion on the incredibly complex and challenging issues of race and discrimination that we as a society and companies nationwide are facing, the company said, noting its long history of inclusivity with stories that reflect acceptance and tolerance and celebrate peoples differences.. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. Disney appoints woman as chair for first time in 98-year history Iger has been gradually removing himself from active . Opinion | Disney Can't Hide From Politics - The New York Times Susan E. Arnold Bob Iger John S. Chen Judith L. Estrin Fred H. Langhammer Aylwin B. Lewis Monica C. Lozano Robert W. Matschullat Sheryl K. Sandberg Orin C. Smith Susan Arnold - Chairwoman Bob Iger -CEO James A. Rasulo - Senior Executive Vice President and CFO Alan N. Braverman - Senior . The action you just performed triggered the security solution. Disney's in a big moment of transition. . 2018 Transaction Count/Amount. . All Rights Reserved. Read about our approach to external linking. Warner Bros. golden ticket: Will they make new Lord of the Rings films? Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Opinions expressed are those of the author. "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 . Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. Have feedback? ", Gov. 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. They are also able to put foward shareholder proposals. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. 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.". Susan Arnold - Credit: dailyO. Arnold is a 14-year member of the Disney . noted on a politically optimistic earnings call two days after the election, he supports closing tax . She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety Will the Marvel invincibility last? 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. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. 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 . Iger back on top in a Disney plot twist that few saw coming American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. His departure marks the end of an era. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Disney gets it first female board chair in 98 years - Fast Company There was talk of him serving as ambassador to China, but that never came to be. Philosopher. With the departure of Arnold, Disney's board will shrink to 11 . 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. Do you know this baby? Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. susan arnold disney political party - fiojoconstruction.com 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. 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. 67.227.155.73 The tensions seem to be intensifying. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. 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.. These actions provide hope that the concept of an enlightened capitalism exists and has evolved in the subconscious of corporate leaders, who have responded collectively for the common welfare in a time of crisis. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. She was formerly an executive at global investment firm Carlyle. 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Disney Elects Susan Arnold Chairman of the Board of Directors Arnold has been a member of Disneys board since 2007.