One C.E.O. Get the latest from KCRW in your inbox 3x a week. It has featured gay and lesbian characters in its productions and the chair of its board of directors, Susan Arnold, is one of the highest-ranking women in corporate America who is openly lesbian. (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 . Thanks for contacting us. He now holds two big jobs that will split his attention. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. "[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. Dec 1 (Reuters) - Walt Disney Co (DIS.N) 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 . Predecessor. 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 . 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. She was formerly an executive at global investment firm Carlyle. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. Disney extends Bob Chapek's contract despite controversial tenure Currently, Susan E. Arnold is Chairman at The Walt Disney Co. Betty Arnold (Democratic Party) is a member of the Kansas State Board of Education, representing District 8.Arnold assumed office on January 12, 2021. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. 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. Disney Board Elects Susan Arnold to Replace Bob Iger - Investopedia Arnold is a 14-year member of the Disney . Arnold is bumping up against Disneys own corporate governance guidelines that state the board wont nominate for re-election any non-management director after completing 15 years of service. Susan E Arnold - LittleSis Susan Arnold will succeed Bob Iger as the next Disney chairman. Performance & security by Cloudflare. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. The Fair Political Practices Commission is looking at whether former Gov. 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 meets low bar with new chair | Reuters Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 2023 BBC. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "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. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. [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]. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board Bob Iger (2012-2021) Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company . Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. Legal Statement. The action you just performed triggered the security solution. 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. She retired from Procter & Gamble on September 1, 2009. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. Now theres the possibility that he could own a sports team or take on another big public role. I interviewed Brian Kropp, chief of research in Gartners human resources practice. 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.". That fits with the direction Disney is headed in generally. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. Disney's in a big moment of transition. 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. Iger led Disney for 15 years before stepping down in 2020. . Disney appoints its first female board chair : NPR 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 . 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. 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. Disney CEO Apology: What Went Wrong With Messaging on "Don't - Insider Iger back on top in a Disney plot twist that few saw coming political party, a group of persons organized to acquire and exercise political power. Disney names Susan Arnold chair of the board, replacing Iger But Disneys appointment could have been more thoughtful. Iger back on top in a Disney plot twist that few saw coming It's a woke world after all. 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. See here for a complete list of exchanges and delays. Disney has a new board chair, and she's a gay woman. Disney Board Member Susan Arnold To Succeed Bob Iger As - Yahoo! When Bob Iger officially leaves Disney at the end of . The Walt Disney Company has had a long-term track record of financial and creative success, built on the ability to leverage its rich intellectual property and unparalleled storytelling across its many businesses, from theatrical, streaming and linear broadcast to parks and resorts, and one of the most resonant names in sports, ESPN. She has also served in senior roles at some of America's biggest companies. 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. 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 Global Personal Beauty Care and Global Feminine Care from 2002. Disney names Susan Arnold as board chair, replacing Bob Iger - CNBC Have feedback? Signup for Breaking News Alerts & Newsletters. 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. With the departure of Arnold, Disney's board will shrink to 11 . Ant Man gets poor reviews. 3 min read. 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 Arnold - $10,118 in Political Contributions for 2004 Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. 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. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. 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. With the departure of Arnold . ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. All quotes delayed a minimum of 15 minutes. The entrance to Disney World in Orlando, Florida. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. In 2016, the firm opened its first theme park and resort in mainland China. Instead, they are often weaponized by one side or the other to further divide and inflame. Former CEO and current chairman of The Walt Disney Company ( DIS) board Bob Iger is stepping down from his role at the end of this month. A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Arnold served as an operating executive at The . They Were Secretly Conservative Spies. susan e arnold political partyvictoria centre car park consettvictoria centre car park consett 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.. Term. Hell be succeeded by Susan Arnold. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. 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. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. Susan Arnold, who has been a Disney board member for 14 years and the independent lead director since 2018, will succeed Bob Iger as chairman of the board at the end of 2021. Susan Arnold - Wikidata She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. Disney's Susan Arnold Becomes the Company's First Female Board - CBR Parker's appointment is As a subscriber, you have 10 gift articles to give each month. The change will take effect after the company's annual shareholder meeting. See here for a complete list of exchanges and delays. Facebook gives people the power to. ", Gov. 2023 CNBC LLC. 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Susan E. Arnold - The Walt Disney Company Photo by Marko Aliaksandr. 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. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. Prior to that, she was Vice Chair of P&G Beauty and. You can email the site owner to let them know you were blocked. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. The Walt Disney Company has a big problem. 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 . Chairman of the board Bob Iger leaves at the end of 2021. By Prince Akoenyenu November 21, 2022. Sabado Domingo @SabadoD00554481. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Read about our approach to external linking. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. 42/$4,105. Trust in Congress is decreasing. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Disney shares were relatively flat in after-hours trading. "Mark Parker is an incredibly well-respected leader who over seven years. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. 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