James Smith. When is Eurovision and how do you get tickets? The memo failed to tamp down employees outrage over the legislation, which is supported by Ron DeSantis, the Republican governor and a potential 2024 presidential candidate. 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. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. -. Picture taken July 24, 2021. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. 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. Arnold served as an operating executive at The . Includes location, related records, political party, and more. 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. She was formerly an executive at global investment firm Carlyle. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. 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 . Where he heads next is still an open question. The entrance to Disney World in Orlando, Florida. Naked man claiming to have bomb causes 8-hour traffic jam Canadian teacher with size-Z prosthetic breasts placed on paid leave, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, I'm a professional cleaner ditch these 4 household products immediately, Tom Sandoval speaks out on Raquel Leviss affair: I deserve your anger, Shoeless Ariana Madix awkwardly tries to avoid cheating Tom Sandoval, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Memphis Grizzlies star Ja Morant allegedly flashes gun at a strip club, Tom Sizemore And The Dangerous Burden of Desperation, Ariana Madix, Tom Sandoval have awkward moment amid cheating scandal. BURBANK, Calif., December 1, 2021The Walt Disney Company (NYSE: DIS) Board of Directors announced that it has elected Susan E. Arnold as Chairman of the Board, effective December 31, 2021. 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. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. Description. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. In the vehicle market, certain brands (Subaru, Honda) appeal more to liberals and others (Ford, GMC) appeal more to conservatives, albeit without getting political themselves. 93. Click to reveal Thanks for contacting us. That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. 3 min read. 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 . Yes, even on a piece of state legislation that did not directly involve Disney. Susan E. Arnold graduated from the University of Pennsylvania with a Bachelor of Arts degree, and from the University of Pittsburgh with a Master of Business Administration degree. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. But Disneys appointment could have been more thoughtful. 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. 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. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. Weve already seen that happen a bit. Arnold, who has sat on the Mouse House's board for 14 years and who has . The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. All Rights Reserved. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. That fits with the direction Disney is headed in generally. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. 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. "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. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. 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.. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. 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. Also known as. Send us a tip using our annonymous form. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Susan Arnold . 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. Do Not Sell or Share My Personal Information. "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. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. 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 Company expects to file preliminary materials with respect to the 2023 Annual Meeting of Stockholders shortly and looks forward to communicating with its stockholders once definitive proxy materials are available. 42/$4,105. The Fair Political Practices Commission is looking at whether former Gov. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. 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%. The industry leader for online information for tax, accounting and finance professionals. 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. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. Advertisement. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. 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. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 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. Ant Man gets poor reviews. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. 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. 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. The Walt Disney Company has a big problem. Dec. 1, 2021 Updated 2:18 PM PT. Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. 2023 KCRW All Rights Reserved. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. The move comes as the company faces a proxy fight with an influential activist shareholder. 2023 NYP Holdings, Inc. All Rights Reserved, Disney may sell its 67% stake in Hulu to buy more Marvel rights: analyst, Critics slam woke live-action Peter Pan trailer, How the rich do Disney and its nothing like us commoners, Jude Law as Captain Hook in Peter Pan & Wendy triggers backlash. 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. Get this delivered to your inbox, and more info about our products and services. Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. [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 said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. 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. Facebook gives people the power to. 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. Jeannetta Arnette. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. . Joseph Prezioso/ZUMA Wire. ', 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. Wall Street applauded Iger's return. With the departure of Arnold . 2023 Deadline Hollywood, LLC. Photo by Marko Aliaksandr. "The Board of Directors has a fiduciary obligation to ensure it fulfills its duty of oversight, and should provide answers to its shareholders without delay.

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