The company made the announcement today. Arnold has served on the board of directors of The Walt Disney Company since 2007,[3] as well as the Carlyle portfolio investments company NBTY, The Nature's Bounty Co. She has also been a member of the Board of Directors of McDonald's Co. since 2008. That fits with the direction Disney is headed in generally. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. 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.. 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. Arnold is a 14-year member of the Disney . 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 . Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. The Walt Disney Company has a big problem. Also known as. Ant Man gets poor reviews. Gov. Walt Disney Co 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. Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. She was formerly an executive at global investment firm Carlyle. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. She has also served in senior roles at some of America's biggest companies. She is a white, non hispanic female registered to vote in Broward County . 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. 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. Disney Names Susan Arnold Chairman as Iger Nears Departure Send us a tip using our annonymous form. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Iger has a two year contract. 3 min read. Thanks for contacting us. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. Predecessor. Under him, the behemoth acquired Pixar . Susan Arnold named chairman of the board for Walt Disney Co. There was talk of him serving as ambassador to China, but that never came to be. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. Disney has a new board chair, and she's a gay woman | KCRW Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. 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 . With the departure of Arnold . Susan Arnold Named Chairman Of The Board Of The Walt Disney Company Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. 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. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. While Iger came from a creative background, thats not the case with Arnold. Arnold thanked Chapek for leading the company through the pandemic. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. One C.E.O. 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. 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.. Chairman of the board Bob Iger leaves at the end of 2021. But that progressive record was no shield from criticism. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. 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. 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. 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.. All Rights Reserved. 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. exercices corrigs maths terminale stmg pdf . susan e arnold political party And Ive continually gotten the unspoken answer: no, the employee told the outlet. [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. (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 . Arnold has served as the panel . Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . 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. Yes, even on a piece of state legislation that did not directly involve Disney. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. (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." Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Disney Board Elects Susan Arnold to Replace Bob Iger - Investopedia A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. The Walt Disney Company. Iger back on top in a Disney plot twist that few saw coming 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. 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. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. Contribution Totals. 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. 1 He will be replaced by Susan Arnoldwho has been . "[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. Opinion | Disney Can't Hide From Politics - The New York Times We've received your submission. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. Disney gets it first female board chair in 98 years - Fast Company - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. The tensions seem to be intensifying. Susan E. Arnold - The Walt Disney Company 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, who has been a Disney board member for 14 years, will succeed Bob . See here for a complete list of exchanges and delays. They Seemed Like Democratic Activists. They Were Secretly Conservative 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Iger back on top in a Disney plot twist that few saw coming The . The action you just performed triggered the security solution. Susan Arnold will succeed Bob Iger as the next Disney chairman. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety Photo by Marko Aliaksandr. 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. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. 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. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. Get our latest storiesin the feed of your favorite networks. Susan Arnold from Tamarac, Florida | VoterRecords.com 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. 2018 Transaction Count/Amount. Deadline is a part of Penske Media Corporation. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Iger back on top in a Disney plot twist that few saw coming "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. Iger led Disney for 15 years before stepping down in 2020. . Dec. 1, 2021 Updated 2:18 PM PT. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. All rights reserved. Book Susan Arnold | Speakers Bureau | Booking Agent Info If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. December 2, 2021. Susan E . Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Since succession planning went awry last time, one thing Trian wants to make sure of is that Disney plans this next round well, according to the WSJ. "As I step into this new role as chairman of the board, I look forward to continuing to serve the long-term interests of Disney's shareholders and working closely with CEO Bob Chapek as he builds upon the company's century-long legacy of creative excellence and innovation," Ms Arnold said in a statement. Chairman of the Board. 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 . "Mark Parker is an incredibly well-respected leader who over seven years. We want to hear from you. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . Includes location, related records, political party, and more. Arnold, who has sat on the Mouse House's board for 14 years and who has . Among measures to be voted on, Trianon also wants Disney to amend its bylayws. It's a movement. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Joseph Prezioso/ZUMA Wire. 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. 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. Disney CEO Apology: What Went Wrong With Messaging on "Don't - Insider By Prince Akoenyenu November 21, 2022. 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. asks James Heskett. 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. [11][12] She was elected chair on December 31, 2021. Meet Susan Arnold, Disney's first woman chairperson in 98 years Mark Parker Named Disney Chairman, Susan Arnold Exits - Variety Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. She is based in New York. Hell be succeeded by Susan Arnold. Susan Arnold to succeed Bob Iger as Disney chairman - New York Post Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. susan e arnold political party The change will take effect after the company's annual shareholder meeting. Chairman of the board Bob Iger leaves at the end of 2021. With the departure of Arnold, Disney's board will shrink to 11 . political party, a group of persons organized to acquire and exercise political power. 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%. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. 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. In some cases the restive employees are conservatives, not liberals. Bob Iger return puts Disney on collision course with Ron DeSantis Picture taken July 24, 2021. [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. Do you know this baby? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Disney Replaces Susan Arnold As Chair, Seeks To Fend Off Activist It can decide to fight the addition of 1 qualified Board member, OR work together with Trian to create sustainable, long-term value at Disney., We believe that current investor sentiment on Disney is low, reflecting the hard truth that Disney is a company in crisis and faces many challenges that weigh on the Companys investment prospects., While we acknowledge that Disney, like many media companies, is undergoing a challenging pivot to streaming, we believe that many of the Companys current problems are self-inflicted and need to be addressed Trian believes that it is well positioned to facilitate positive change at Disney given our experience investing in and serving on the board of directors of blue-chip companies, and working collaboratively with management teams and boards to optimize corporate governance, strategy, operations and capital allocation., Mark Parker is an incredibly well-respected leader who over seven years as a Disney director has helped the Company effectively navigate through a time of unprecedented change, Arnold said. Iger back on top in a Disney plot twist that few saw coming During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. 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. "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. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. ', 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. Chairman of the board Bob Iger leaves at the end of 2021.