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 . While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Got a confidential news tip? 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. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. Arnold has served as the panel . 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. 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. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. 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.. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Philosopher. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. Iger has a two year contract. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. "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. She retired from Procter & Gamble on September 1, 2009. 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 . FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. That fits with the direction Disney is headed in generally. 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.. She was formerly an executive at global investment firm Carlyle. 2023 KCRW All Rights Reserved. Picture taken July 24, 2021. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. Mr. Parker will also chair a newly created Succession Planning Committee of the Board, which will advise the Board on CEO succession planning, including review of internal and external candidates. "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 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. December 2, 2021. Where he heads next is still an open question. Legal Statement. While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, 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 (noted above). Susan Arnold . 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. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. The BBC is not responsible for the content of external sites. 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. 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. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . 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. 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. Click to reveal Facebook gives people the power to. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. 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. "[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. 38/$4,515. Anyone can read what you share. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. The best of what to see, hear, eat, do, and more. 42/$4,105. "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. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Get this delivered to your inbox, and more info about our products and services. Send us a tip using our annonymous form. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. As a subscriber, you have 10 gift articles to give each month. Chairman of the board Bob Iger leaves at the end of 2021. In February 2021, the research company Gartner did a survey of 3,000 workers that found 68 percent would consider quitting their current job and working with an organization with a stronger viewpoint on the social issues that matter most to them. 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. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. All rights reserved. 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. 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. Your IP: Susan Arnold will succeed Bob Iger as the next Disney chairman. 2023 Deadline Hollywood, LLC. Arnold has been a member of Disneys board since 2007. On Nov. 29, Twitter announced that Taylor would become its chairperson. The move takes . Do you know this baby? 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 . The action you just performed triggered the security solution. Susan Arnold - Credit: dailyO. Mutual Fund and ETF data provided byRefinitiv Lipper. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. "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. 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. 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. Parker's appointment is [2], She is an operating executive of The Carlyle Group, since September 2013. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. 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. He now holds two big jobs that will split his attention. What science tells us about the afterlife. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. 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.. But that progressive record was no shield from criticism. 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 entrance to Disney World in Orlando, Florida. "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. They are also able to put foward shareholder proposals. The Walt Disney Company has appointed its first female chairperson to its board of directors.. Disney confirmed that as of Dec. 31, Susan Arnold will take over for former CEO Bob Iger as chairman of the board. Dec. 1, 2021 Updated 2:18 PM PT. Chairman of the board Bob Iger leaves at the end of 2021. Iger has been gradually removing himself from active . 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. Chairman of the Board. His attempt to keep out of the spotlight had failed. We've received your submission. What's the least amount of exercise we can get away with? Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. While Iger came from a creative background, thats not the case with Arnold. 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. Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. exercices corrigs maths terminale stmg pdf . (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 . Powered and implemented byFactSet Digital Solutions. 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. 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. Yes, even on a piece of state legislation that did not directly involve Disney. Iger is set to step away from the role by the end of this year. "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. 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. 2023 BBC. 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. 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. Get our latest storiesin the feed of your favorite networks. 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. 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. Photo by Marko Aliaksandr. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. 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 . Send a note to coy-newsletter@nytimes.com. It's a movement. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. 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. And so on. 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. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? Ant Man gets poor reviews. 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. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. 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. A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. 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. The entrance to Disney World in Orlando, Florida. Walt Disney named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company. but a. Hell be succeeded by Susan Arnold. 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. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. Susan Arnold Young, Education, Political Party, Movies. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. susan arnold disney political party. 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. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. Gov. Disney has a progressive record on sexuality and gender. Join Facebook to connect with Susan Arnold and others you may know. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . When Bob Iger officially leaves Disney at the end of . AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. 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. To a Spreadsheet or Other File Type. The more a company does, the more it is expected to do. Arnold will begin her new role Dec. 31 . You can email the site owner to let them know you were blocked. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Consumers are turning to vote with their dollar.. One C.E.O. "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 2007," Mr Iger said. A Division of NBCUniversal. This material may not be published, broadcast, rewritten, or redistributed. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Susan Arnold (Q535362) Susan Arnold. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. 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. 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. All Rights Reserved. susan e arnold political partyvictoria centre car park consettvictoria centre car park consett 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. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. The term party has since come to be applied to all organized groups seeking political power, whether . 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. The average tenure of the current Board is four years, with three directors serving fewer than two years, and in addition the Board is led by an independent chairman. [11][12] She was elected chair on December 31, 2021. 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 . The Walt Disney Company Board has continued to evolve to ensure it has the right combination of backgrounds, skill sets and perspectives to guide the Company into the future. 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 . 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. [4][5] In June 2022, she was recognized by the International Hospitality Institute on the Global 100 in Hospitality as one of the 100 Most Powerful People in Global Hospitality. "Mark Parker is an incredibly well-respected leader who over seven years. 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. 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. We want to hear from you. There was talk of him serving as ambassador to China, but that never came to be. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Deadline is a part of Penske Media Corporation. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. James Smith. 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.. Susan Arnold will succeed Bob Iger as the next Disney chairman. That angers both sides, he said. Iger struck a reassuring tone in his first email to staff on . Thanks for contacting us. Susan E . The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. ", Gov. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. She is based in New York. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Jeannetta Arnette. Description. Chairwoman. The date of the Annual Meeting has not yet been announced. They targeted moderate . Susan Arnold, a veteran of consumer-products giant Procter & Gamble as well as the Carlyle Group investment firm, will take the reins as chairman of Walt Disney Co.'s board of directors . 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 . See here for a complete list of exchanges and delays. [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. 2018 Transaction Count/Amount. Read about our approach to external linking. A backlash among Disney's senior executives grew to the point it reached the company's board. I interviewed Brian Kropp, chief of research in Gartners human resources practice. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. "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 . As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. She has also served in senior roles at some of America's biggest companies. 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 was formerly an operating executive of equity investment firm The Carlyle Group.