The WSJ said Trian execs met with Disney brass, including Iger and CFO Christine McCarthy, Tuesday in an attempt to come to an agreement and avoid a proxy battle, and that Arnold called Peltz this morning to offer him a role as a board observer and ask him to sign a standstill agreement, which he declined. She was an operating . asks James Heskett. 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 . 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. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. This isnt just a Disney issue. The . 2023 BBC. Christopher Palmeri. Parker's appointment is Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. 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. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Arnold thanked Chapek for leading the company through the pandemic. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. See here for a complete list of exchanges and delays. 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. Political parties originated in their modern form in Europe and the United States in the 19th century, along with the electoral and parliamentary systems, whose development reflects the evolution of parties. Language. 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. 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 Young, Education, Political Party, Movies. Got a confidential news tip? Among measures to be voted on, Trianon also wants Disney to amend its bylayws. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Performance & security by Cloudflare. 4. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. Chris Palmeri reports. The date of the Annual Meeting has not yet been announced. Hell be succeeded by Susan Arnold. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Label. Arnold, who has sat on the Mouse House's board for 14 years and who has . Trust in Congress is decreasing. Your IP: 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. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. Yes, even on a piece of state legislation that did not directly involve Disney. 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. 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. Susan Arnold (Q535362) Susan Arnold. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Tom Cruise and Steven Spielberg reconcile at Oscars luncheon, Disneys Bob Iger open to selling Hulu, plans exit in two years, Adam Scott, Lee Edward Colston II, and Sandy King Carpenter on The Treat, Wintering and enchantment: A pathway to healing and happiness, Born of persecution, Parsi cooking melds Persian and Indian cuisines, Playwright and actor Lee Edward Colston II on the beauty of a Black audience. 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. But that progressive record was no shield from criticism. Term. Where he heads next is still an open question. 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. Do you know this baby? ', 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. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. exercices corrigs maths terminale stmg pdf . "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. Susan Arnold will succeed Bob Iger as the next Disney chairman. 93. 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 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. 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 Global Personal Beauty Care and Global Feminine Care from 2002. They are also able to put foward shareholder proposals. 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. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. susan arnold disney political party. She retired from Procter & Gamble on September 1, 2009. 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 . Photo by Marko Aliaksandr. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Susan Arnold is an American business executive and chairwoman of Walt Disney. The company has alsobackeda 21-Day Racial Equity and Social Justice Challenge day where participants are told they all been raised in a society that elevates white culture over others, City-Journal reported. The move takes . Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. Iger led Disney for 15 years before stepping down in 2020. . Consumers are turning to vote with their dollar.. 2018 Transaction Count/Amount. She is known for her involvement in several works by the entertainment giant company. By Ryan Faughnder Staff Writer. 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. Cloudflare Ray ID: 7a2f8c127fb98108 To a Spreadsheet or Other File Type. Iger is set to step away from the role by the end of this year. Joseph Prezioso/ZUMA Wire. 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. 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. 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.. 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 E. Arnold. Arnold will begin her new role Dec. 31 . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. 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.". His attempt to keep out of the spotlight had failed. He now holds two big jobs that will split his attention. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. 38/$4,515. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Susan E . Bob Iger (2012-2021) Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company . Arnold thanked Chapek for leading the company through the pandemic. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Ms. Arnold owns over 8,400 units of Walt Disney Co stock worth over $4,102,492 and over the last 19 years she sold DIS stock worth over $1,493,100. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Disney has given about $55 million to Republicans, Democrats and political committees in the state over the past 28 years, including about $5 million in 2020 and more than $2 million so far in . ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Quotes displayed in real-time or delayed by at least 15 minutes. Health workers in protective gear carry out tests at the theme park, Disney and Scarlett Johansson settle lawsuit, New Disney movies to debut exclusively in cinemas, Shang-Chi leads cinema fightback at box office, Historic ocean treaty agreed after decade of talks, China looks at reforms to deepen Xi's control, Inside the enclave surrounded by pro-Russia forces, 'The nurses wanted me to feel guilty about my abortion, From Afghan TV fame to a US factory floor. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Arnold has been a member of Disneys board since 2007. 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. 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. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Susan Arnold - Credit: dailyO. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. 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. Iger has been gradually removing himself from active . 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. That fits with the direction Disney is headed in generally. Chairwoman. political party, a group of persons organized to acquire and exercise political power. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. 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. But Disneys appointment could have been more thoughtful. A backlash among Disney's senior executives grew to the point it reached the company's board. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. "[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. The Walt Disney Company. Consumers as well as employees have gotten used to thinking of companies as political players, she said: The traditional political process may be seen as less efficacious. The entrance to Disney World in Orlando, Florida. When is Eurovision and how do you get tickets? 2023 FOX News Network, LLC. "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. Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Disneys in a big moment of transition. "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. Prior to that, she was Vice Chair of P&G Beauty and. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. And Ive continually gotten the unspoken answer: no, the 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. Chairman of the board Bob Iger leaves at the end of 2021. All Rights Reserved. Send us a tip using our annonymous form. The change will take effect after the company's annual shareholder meeting. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. Disney has a new board chair, and she's a gay woman. The best of what to see, hear, eat, do, and more. Opinions expressed are those of the author. He'll be succeeded by Susan Arnold. 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. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Chairman of the board Bob Iger leaves at the end of 2021. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Will the Marvel invincibility last? This material may not be published, broadcast, rewritten, or redistributed. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. [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. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. The company made the announcement today. Also known as. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. His departure marks the end of an era. Arnold served as an operating executive at The . DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Arnold is a 14-year member of the Disney . 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. 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. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. Hell be succeeded by Susan Arnold. 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.. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. "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. View the profiles of people named Susan Arnold. Susan Arnold Biography. 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. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. 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 . Powered and implemented byFactSet Digital Solutions. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. -. Dec. 1, 2021 Updated 2:18 PM PT. [2], She is an operating executive of The Carlyle Group, since September 2013. "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 . Iger has a two year contract. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. 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. "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. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. This website is using a security service to protect itself from online attacks. 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 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. 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. 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. Under him, the behemoth acquired Pixar . Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . 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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.. 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. 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. 2020 Transaction Count/Amount. All rights reserved. But it keeps getting dragged into politics, often by employees who tend to be liberal and want the company to reflect their values. 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. What's the least amount of exercise we can get away with? 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. 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 . [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]. 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 . Join Facebook to connect with Susan Arnold and others you may know. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. She is a white, non hispanic female registered to vote in Broward County . Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. All Rights Reserved. 2023 Deadline Hollywood, LLC. 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. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. These actions provide hope that the concept of an enlightened capitalism exists and has evolved in the subconscious of corporate leaders, who have responded collectively for the common welfare in a time of crisis. [11][12] She was elected chair on December 31, 2021. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. Have feedback? On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. What science tells us about the afterlife. 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. 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. This story has been shared 123,414 times. "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. Are you going to stand up for them or not?. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. Photo by Marko Aliaksandr. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. Susan Arnold will succeed Bob Iger as the next Disney chairman. In 2016, the firm opened its first theme park and resort in mainland China. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. "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. . Legal Statement. They Were Secretly Conservative Spies. They targeted moderate . 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 . "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. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle.