Susan Arnold to replace Bob Iger as Chairman Of The Board Of The Walt Disney Company

Dec 01, 2021 in "The Walt Disney Company"

Posted: Wednesday December 1, 2021 5:09pm ET by WDWMAGIC Staff

The Walt Disney Company Board of Directors announced that it has elected Susan E. Arnold as Chairman of the Board, effective December 31, 2021.

64 year-old 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.

“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.”

Susan Arnold 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.

Bob Iger has served as Chairman of the Board since 2012, and as Disney’s Executive Chairman since 2020, directing the Company’s creative endeavors with Bob Chapek assuming the role of CEO. From 2005-2020 he led Disney as Chief Executive Officer where he made the significant acquisitions of Pixar (2006), Marvel (2009), Lucasfilm (2012) and 21st Century Fox (2019), as well as the 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. Moving the company into direct-to-consumer streaming, he oversaw the launch of the Disney+ streaming service in 2019 and ESPN+ in 2018.

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Cesar R M7 hours ago

err... a new cost cut, a new 50th anniversary popcorn bucket and a new music vash party with a cupcake is the best I can do.

Cesar R M7 hours ago

Chapek be in the front while Eiger is behind... then Eiger silently disappears that night in a rowboat of gold XD

Sirwalterraleigh1 day ago

They would have had to have broke ground on it in 2020

JoeCamel1 day ago

I hear they have this futuristic cycle ride they will open...... But expect 2025 for opening EU

WaltsTreasureChest1 day ago

Wonder what Disneys will come up with to go in competition with Universals new park in 2 years.

JoeCamel1 day ago

There is precedent for those at Disney World.......

Sirwalterraleigh1 day ago

Que? You’re not talking about “the company” Are you? 😱

Rteetz1 day ago

A sinking boat

Sirwalterraleigh1 day ago

…one of my (very) frequent refrains Good…that’s the whole problem for the last ten years. How do you increase quarterlies when you’re 30% overvalued? By rolling out a streaming service where you burn through cash and depress your other segments longterm by charging too much? that’s what they’d have you believe.

HauntedPirate1 day ago

They’re busy rowing a boat.

Sirwalterraleigh2 days ago

…Gophers? (Don’t mind me..it’s what I do to my friend Rteetz)

Ayla2 days ago

🤷🏻‍♀️ No idea what you're referencing.

egg2 days ago

Planning it is not the same as releasing it. It’s strange for a company to put out a mission statement about their 100th anniversary 17 months beforehand. Did WDW start celebrating its 50th in January 2020?