BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. 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 . The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. 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. "[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. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. political party, a group of persons organized to acquire and exercise political power. 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. Download all contribution records for this person. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. 4. asks James Heskett. Send a note to coy-newsletter@nytimes.com. Chris Palmeri reports. 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.. Iger struck a reassuring tone in his first email to staff on . 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 . Where he heads next is still an open question. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. 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The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Label. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. Susan Arnold (Q535362) Susan Arnold. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). 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. Join Facebook to connect with Susan Arnold and others you may know. While Iger came from a creative background, thats not the case with Arnold. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Do Not Sell or Share My Personal Information. On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Disney has a progressive record on sexuality and gender. Powered and implemented byFactSet Digital Solutions. 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 . 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. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. 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. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. 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. Consumers are turning to vote with their dollar.. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. 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. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. 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 . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. 2023 BBC. 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. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Get our latest storiesin the feed of your favorite networks. Disneys in a big moment of transition. 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%. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. [2], She is an operating executive of The Carlyle Group, since September 2013. 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. Do you know this baby? NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 2023 KCRW All Rights Reserved. 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. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. His departure marks the end of an era. 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. 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. This website is using a security service to protect itself from online attacks. 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. When Bob Iger officially leaves Disney at the end of . 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 . Susan E . But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. With the departure of Arnold, Disney's board will shrink to 11 . Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Susan Arnold Young, Education, Political Party, Movies. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. 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.
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