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Venture capitalists swap Paris Hilton for Al Gore, US blacklisting is no match for TikTok virality, Editing by Lauren Silva Laughlin and Sharon Lam, Theres hope beyond moaning for European telcos, Adani contrarian is a win for Hindenburg, too, Exclusive news, data and analytics for financial market professionals. Disney faces proxy fight as Peltz pushes to join board Disney names Susan Arnold to replace Bob Iger as chairman - L.A She'll succeed Bob Iger, who stepped down as Disney CEO early last year. But it keeps getting dragged into politics, often by employees who tend to be liberal and want the company to reflect their values. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. 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 . Ron DeSantis' new Parental Rights in Education law because the company is dedicated to standing up for the rights and safety of the LGBTQ+ community. 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. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. She retired from Procter & Gamble on September 1, 2009. Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board Global Business and Financial News, Stock Quotes, and Market Data and Analysis. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. Disney names Susan Arnold as board chair, replacing Bob Iger - CNBC Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 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. Arnold has served as the panel . Susan E . political party, a group of persons organized to acquire and exercise political power. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. Disney Replaces Susan Arnold As Chair, Seeks To Fend Off Activist 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. That fits with the direction Disney is headed in generally. Disney. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Susan Arnold to Succeed Bob Iger as Disney Chairman 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. ", Gov. (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." but a. On Nov. 29, Twitter announced that Taylor would become its chairperson. All Rights Reserved. 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 . Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. 2023 Deadline Hollywood, LLC. Arnold thanked Chapek for leading the company through the pandemic. Also known as. Disney is replacing Bob Iger, who will soon wrap up his decades-long tenure at the company, with Susan Arnold as chairman of the board. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. 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. Iger, a former weatherman, joined the TV broadcast network ABC in 1974, where he developed iconic American TV shows, such as "America's Funniest Home Videos" and "Home Improvement," and helped in creating "Who Wants to Be a Millionaire.". Disney is not what it was when Bob Iger left. Does he have the magic She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). It therefore prefers to minimize the number of times it takes stands on hot-button social issues. Susan Arnold Profiles | Facebook "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. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. Hell be succeeded by Susan Arnold. I attended several [training sessions] at the beginning just to see what the temperature of the discussion would be and to gauge if I would be able to bring up my own objections in a safe waysafe meaning for my career. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. "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 . "The decision of The Walt Disney Corporation to promote the introduction of age-inappropriate sexual material in kindergarten classrooms, including radical gender ideology, and to fight the democratically-elected government of Florida in order to achieve this end, jeopardizes the financial future of the company and its shareholders in service of an extreme political agenda," AFL President Miller told FOX Business. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. 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 . told me, If we get involved in everything our employees want to get involved in, that would become my full-time job. On the other hand, Kropp said: Youve got a set of values. from 1999 to present. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. I interviewed Brian Kropp, chief of research in Gartners human resources practice. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. Instead, they are often weaponized by one side or the other to further divide and inflame. 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. The more a company does, the more it is expected to do. One C.E.O. Ant Man gets poor reviews. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. Chairman of the board Bob Iger leaves at the end of 2021. 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. Disney names Susan Arnold as its first woman chair | Reuters Disney is pushing critical race theory on employees through a new plan called Reimagine Tomorrow, urging workers to recognize their white privilege, in a battery of training modules on topics such as systemic racism and white fragility, according to internal documents obtained by City-Journals Christopher Rufo. Powered and implemented byFactSet Digital Solutions. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Disney catches it from all sides over Florida's 'don't say gay' bill By Ryan Faughnder Staff Writer. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. Parker's appointment is Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety susan e arnold political party 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. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. 2023 BBC. The best of what to see, hear, eat, do, and more. Do you know this baby? NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. All Rights Reserved. 2023 KCRW All Rights Reserved. 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. Title. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. She is based in New York. [7], On December 1, 2021,[10][3] Arnold was appointed to replace Bob Iger as chair of the board at The Walt Disney Company and became the first woman to be appointed to this position in the 98-year history of Disney. The $260 billion media giant named Susan Arnold on Wednesday as . Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Chairman of the board Bob Iger leaves at the end of 2021. Bob Iger appointed as Disney's next CEO - indianexpress.com Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. Disney extends Bob Chapek's contract despite controversial tenure 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 . Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. asks James Heskett. Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek Susan Arnold will succeed Bob Iger as the next Disney chairman. She has also served in senior roles at some of America's biggest companies. Warner Bros. golden ticket: Will they make new Lord of the Rings films? Susan Arnold Biography. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. Where he heads next is still an open question. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. A Division of NBCUniversal. susan e arnold political partyvictoria centre car park consettvictoria centre car park consett -. They Seemed Like Democratic Activists. They Were Secretly Conservative The move takes . They targeted moderate . Susan Arnold to succeed Bob Iger as Disney chairman - New York Post We want to hear from you. Susan Arnold named chairman of the board for Walt Disney Co. 2020 Transaction Count/Amount. While Iger came from a creative background, thats not the case with Arnold. susan arnold disney political party - fiojoconstruction.com 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. "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. 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.. Will the Marvel invincibility last? 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. All rights reserved. Get this delivered to your inbox, and more info about our products and services. This story has been shared 123,414 times. Walt Disney Co. has named longtime board member Susan Arnold as its new chair to replace Bob Iger when he leaves the company at the . Iger back on top in a Disney plot twist that few saw coming There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Disney has a September fiscal year and usually issues its proxy statement which, among other things, lists the companys slate of directors up for election in January, and holds its shareholder meeting in March. Mark Parker Named Disney Chairman, Susan Arnold Exits - Variety Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. 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 . We've received your submission. 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.".