NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Conservative legal group accuses Disney of violating civil rights Disney names Susan Arnold to replace Bob Iger as chairman - L.A Get the latest from KCRW in your inbox 3x a week. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Susan Arnold Named Chairman Of The Board Of The Walt Disney Company Susan Arnold Young, Education, Political Party, Movies. We want to hear from you. "Mark Parker is an incredibly well-respected leader who over seven years. 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. The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. Includes location, related records, political party, and more. Get this delivered to your inbox, and more info about our products and services. 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 . Disneys in a big moment of transition. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. 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 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. The BBC is not responsible for the content of external sites. Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. 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. 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.". 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 . Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. 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. The . 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 disney political party. The $260 billion media giant named Susan Arnold on Wednesday as . Disney appoints woman as chair for first time in 98-year history 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.. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. Send a note to coy-newsletter@nytimes.com. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. They are also able to put foward shareholder proposals. In one anti-racism training course, called Allyship for Race Consciousness, workers are taught that the US has a long history of systemic racism and transphobia and told they must take ownership of educating yourself about structural anti-black racism. [2], She is an operating executive of The Carlyle Group, since September 2013. Disney has a new board chair, and she's a gay woman | KCRW 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 . 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. 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. 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. 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. Ms. 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 of . As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . 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. 93. "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. And Ive continually gotten the unspoken answer: no, the employee told the outlet. susan e arnold political party 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 Street likes Mr. Iger almost as much . Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. Susan E . This material may not be published, broadcast, rewritten, or redistributed. 10. Disney Names Susan Arnold Chairman as Iger Nears Departure 2020 Transaction Count/Amount. 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. Susan Arnold from Tamarac, Florida | VoterRecords.com Photo by Marko Aliaksandr. Chairwoman. 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. Weve already seen that happen a bit. 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. Disney names Susan Arnold as its first woman chair | Reuters Changes at the top are disruptive and Disney is undergoing its own transformation. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. Arnold has served on the board of directors of The Walt Disney Company since 2007,[3] as well as the Carlyle portfolio investments company NBTY, The Nature's Bounty Co. She has also been a member of the Board of Directors of McDonald's Co. since 2008. One C.E.O. I interviewed Brian Kropp, chief of research in Gartners human resources practice. On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. This isnt just a Disney issue. She is known for her involvement in several works by the entertainment giant company. 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. He'll be succeeded by Susan Arnold. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. Susan Arnold - Credit: dailyO. Iger back on top in a Disney plot twist that few saw coming Send us a tip using our annonymous form. There was talk of him serving as ambassador to China, but that never came to be. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. Where he heads next is still an open question. Meet Susan Arnold, Disney's first woman chairperson in 98 years Sabado Domingo on Twitter: "@WDWNT Oh no. Another wokester." / Twitter The date of the Annual Meeting has not yet been announced. Susan E. Arnold - The Walt Disney Company 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 . ", Gov. Disney, faced with proxy fight, names former Nike CEO Mark Parker as (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." A backlash among Disney's senior executives grew to the point it reached the company's board. 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 . Disney appoints its first female board chair : NPR Disney faces proxy fight as Peltz pushes to join board "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. 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. Arnold thanked Chapek for leading the company through the pandemic. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Have feedback? The move comes as the company faces a proxy fight with an influential activist shareholder. 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. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Susan Arnold named chairman of the board for Walt Disney Co. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. Disney Elects Susan Arnold Chairman of the Board of Directors That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. 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. What science tells us about the afterlife. Title. See here for a complete list of exchanges and delays. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. Susan Arnold (Q535362) Susan Arnold. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. 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. With the departure of Arnold, Disney's board will shrink to 11 . American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. asks James Heskett. Ms. Arnold owns over 8,400 units of Walt Disney Co stock worth over $4,102,492 and over the last 19 years she sold DIS stock worth over $1,493,100. Disney meets low bar with new chair | Reuters Arnold will begin her new role Dec. 31 . 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. As a subscriber, you have 10 gift articles to give each month. Iger struck a reassuring tone in his first email to staff on . The move takes . I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. Now theres the possibility that he could own a sports team or take on another big public role. The company made the announcement today. He then joined Disney and became the CEO in 2005. 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.. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. [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]. Chairman of the Board. 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 . Disney has a progressive record on sexuality and gender. See here for a complete list of exchanges and delays. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Disney's in a big moment of transition. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. As a result, the board will be reduced to 11 members. Signup for Breaking News Alerts & Newsletters. Powered and implemented byFactSet Digital Solutions. By Ryan Faughnder Staff Writer. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. "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. "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. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Iger has a two year contract. Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board Susan Arnold - Wikipedia A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. Its been very stifling to feel like everyone keeps talking about having open dialogue and compassionate conversations, but when it comes down to it, I know if I said one thing that was truthful, based on data, or even just based on my own personal experience, it would actually be rather unwelcomed, the person continued. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Description. . Disney has a new board chair, and she's a gay woman. 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. 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. List of management of The Walt Disney Company She was an operating . Disney Board Elects Susan Arnold to Replace Bob Iger - Investopedia "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. Staffers are told to reject equality for equity and must reflect on Americas racist infrastructure and think carefully about whether or not [their] wealth is derived from racism, according to the documents. Are you going to stand up for them or not?. Yes, even on a piece of state legislation that did not directly involve Disney. 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. The term party has since come to be applied to all organized groups seeking political power, whether . Physics is the law, everything else is a recommendation.. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . 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. She's also been a director at McDonald's . "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 . Her appointment comes as large companies are moving away from management structures where the chief executive and chairperson roles are held by the same person after pressure from corporate governance experts, investors and, in some cases, regulators to separate the two key positions. 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 . Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Disney CEO Apology: What Went Wrong With Messaging on "Don't - Insider When Bob Iger officially leaves Disney at the end of the year, hell be succeeded by Susan Arnold, the first woman and first openly gay person to lead the Disney board of directors. 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.
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