Powered and implemented byFactSet Digital Solutions. Wall Street applauded Iger's return. 1 He will be replaced by Susan Arnoldwho has been . Bob Iger completes Disney takeover, outs Susan Arnold feat. Kamran James Smith. She was an operating executive at The Carlyle Group until this year. Susan Arnold is an American business executive and chairwoman of Walt Disney. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. Disney names Susan Arnold chair of the board, replacing Iger Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. Contribution Totals. [2], She is an operating executive of The Carlyle Group, since September 2013. By subscribing, I agree to the Terms of Use and Privacy Policy. Get this delivered to your inbox, and more info about our products and services. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Susan Arnold Named Chairman Of The Board Of The Walt Disney Company Term. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. It cited Igers track record in growing shareholder value as CEO and noted that the exec 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.. Disney names Susan Arnold as board chair, replacing Bob Iger - CNBC Send a note to coy-newsletter@nytimes.com. She was an operating . . 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? December 2, 2021. Sabado Domingo @SabadoD00554481. Consumers are turning to vote with their dollar.. Under Mr. Igers first tenure as CEO from September 2005 through February 2020, the Companys total shareholder return was 554%, which exceeded the S&P 500 total shareholder return of 244%. Disney Names Susan Arnold to Succeed Bob Iger as Chair of 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 . 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. Ant Man gets poor reviews. Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. "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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Susan Arnold . 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. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Susan E. Arnold. Arnold thanked Chapek for leading the company through the pandemic. Description. She is known for her involvement in several works by the entertainment giant company. ', 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. A backlash among Disney's senior executives grew to the point it reached the company's board. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Christopher Palmeri. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. She is based in New York. 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. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. The Walt Disney Company. Disney shares were relatively flat in after-hours trading. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. Susan Arnold to Succeed Bob Iger as Disney Chairman - YouTube Meet Susan Arnold, Disney's first woman chairperson in 98 years Chairman of the board Bob Iger leaves at the end of 2021. The company made the announcement today. The date of the Annual Meeting has not yet been announced. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. Chairman of the board Bob Iger leaves at the end of 2021. This website is using a security service to protect itself from online attacks. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Disney gets it first female board chair in 98 years - Fast Company The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. 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. In 1999, she assumed global responsibility for Procter & Gamble's beauty business, thereby becoming the first woman to reach a president-level position in the company. This material may not be published, broadcast, rewritten, or redistributed. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. 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 . Join Facebook to connect with Susan Arnold and others you may know. Hell be succeeded by Susan Arnold. Anyone can read what you share. Disney goes woke with new anti-racist agenda for employees 67.227.155.73 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. "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. 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. Iger back on top in a Disney plot twist that few saw coming ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. 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. Advertisement. His departure marks the end of an era. 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 . "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. Susan Arnold Profiles | Facebook 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. 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. 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. On Nov. 29, Twitter announced that Taylor would become its chairperson. 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. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. Prior to that, she was Vice Chair of P&G Beauty and. Susan Arnold will succeed Bob Iger as the next Disney chairman. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. 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. You can email the site owner to let them know you were blocked. Physics is the law, everything else is a recommendation.. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. Susan Arnold from Tamarac, Florida | VoterRecords.com 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. Get the latest from KCRW in your inbox 3x a week. 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. 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, who has sat on the Mouse House's board for 14 years and who has . As a result, the board will be reduced to 11 members. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. 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. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. Your IP: Susan Arnold Biography. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. 3 min read. The entrance to Disney World in Orlando, Florida. Quotes displayed in real-time or delayed by at least 15 minutes. 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 . Susan E. Arnold - The Walt Disney Company Susan Arnold Named Chairman of the Board of the Walt Disney Company Photo by Marko Aliaksandr. Includes location, related records, political party, and more.