Susan Arnold Named Chairman of the Board of the Walt Disney Company, Effective December 31
December 01 2021 - 4:30PM
Business Wire
Arnold, independent Lead Director, will succeed
Robert A. Iger as Chairman of the Board when he departs at
year-end
The 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. 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 year.
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Susan E. Arnold (Photo: Business
Wire)
“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,” said Mr. Iger, Executive Chairman and Chairman of the Board.
“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. It has been a distinct honor to work with
Susan and our many other talented directors, and I am incredibly
grateful for the support and wise counsel they have provided during
my tenure.”
“On behalf of the Board, I would like to express my deepest
gratitude to Bob Iger for his extraordinary leadership over the
past decade-and-a-half,” Ms. Arnold said. “Bob has led Disney to
amazing heights both creatively and financially, with his clear
strategic vision for delivering high-quality branded storytelling,
embracing cutting-edge technology, and expanding internationally,
and he’s left an indelible mark on The Walt Disney Company that
will be felt for generations to come. 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 brings to her role extensive public-company board
experience and in-depth knowledge of brand management and
marketing, environmental sustainability, product and business
development, international consumer markets, finance, and executive
and risk management. She was formerly an operating executive of the
equity investment firm The Carlyle Group, where she served from
2013 to 2021. Previously, she served as President—Global Business
Units of Procter & Gamble from 2007 to 2009. Prior to that at
Procter & Gamble, Ms. Arnold was Vice Chair—Beauty & Health
from 2006, Vice Chair—Beauty from 2004, and President—Global
Personal Beauty Care & Global Feminine Care from 2002. She was
a Director of McDonald’s Corp. from 2008 to 2016, and a Director of
NBTY, Inc. from 2013 to 2017.
Mr. Iger has served as Chairman of the Board since 2012, and as
Disney’s Executive Chairman since 2020, directing the Company’s
creative endeavors. From 2005-2020 he led Disney as Chief Executive
Officer. During his tenure, Mr. Iger built Disney into one of the
world’s largest and most admired media and entertainment companies.
As CEO, he expanded on Disney’s rich history of unforgettable
storytelling with the acquisitions of Pixar (2006), Marvel (2009),
Lucasfilm (2012) and 21st Century Fox (2019), as well as the
landmark 2016 opening of Disney’s first theme park and resort in
Mainland China, Shanghai Disney Resort, and the release of a number
of record-setting films including Marvel’s Avengers: Endgame,
Disney’s Frozen and Frozen 2, and the groundbreaking movie Marvel’s
Black Panther. Always one to embrace new technology, Mr. Iger has
made Disney an industry leader through its creative content
offerings across multiple platforms, most recently leveraging
cutting-edge direct-to-consumer technology with the highly
successful launch of the Disney+ streaming service in 2019 and
ESPN+ in 2018.
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Zenia Mucha Corporate Communications (818) 560-5300 David
Jefferson Corporate Communications (818) 560-4832
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