The Walt Disney Company extends Chief Financial Officer Christine M. McCarthy’s contract

Dec 22, 2021 in "The Walt Disney Company"

Posted: Wednesday December 22, 2021 8:14am ET by WDWMAGIC Staff

The Walt Disney Company has extended Christine M. McCarthy's contract as Senior Executive Vice President and Chief Financial Officer through June 30, 2024.

McCarthy is a 22-year veteran of the Company and has served as CFO since 2015. She is a familiar voice to anyone who listens to the quarterly earnings calls, and recently hit the headlines for suggesting that cutting portion sizes at Walt Disney World to reduce costs "is probably good for some people's waistlines."

“Christine’s leadership has been indispensable during this time of disruption and transformation, and her impact reaches well beyond our balance sheet. She has been instrumental to Disney’s growth and helped us navigate the most difficult days of the pandemic,” CEO Bob Chapek said. “Her expertise, judgment and relationships are true assets to the Company, and I am grateful to have her as a valued partner.”

“It is an incredible privilege to serve as CFO of this great company, and I am thankful for the opportunity to continue working with Bob Chapek and the entire senior management team as we advance the Company’s strategic initiatives with an eye toward delivering shareholder value,” said McCarthy, whose contract previously had been set to expire at the end of 2022. “I am proud of Disney’s world-class financial organization and all it has achieved, and look forward to building on the team’s success in the years ahead.”

McCarthy first joined Disney in 2000, and prior to becoming CFO in 2015, she was Executive Vice President, Corporate Real Estate, Alliances and Treasurer. She currently serves on the Board of Directors of The Procter & Gamble Company and FM Global, and is a Trustee of Carnegie Institution for Science. She has received numerous awards and has been named multiple times to Treasury & Risk’s “100 Most Influential People in Finance,” the Top 100 Irish American Business Leaders and Business Insider’s “The 15 Most Influential Women in Finance.” In 2015, she was the recipient of Treasury Today’s Adam Smith “Woman of the Year” award. In 2016, she received Los Angeles Business Journal’s “Executive of the Year” award and was honored as one of the Entertainment Diversity Council’s “Top 50 Most Powerful Women in Entertainment.”

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Magic Crush DropDec 28, 2021

I like how she never apologize, and no one called her out for that bad take. Great job TWDC, you're not totally show us that you're falling apart. :rolleyes:

jpinkcDec 28, 2021

Yes but in the lean years its (Disney Parks) what kept TWDC afloat. The importance to the whole company is a bit more than movies and tv which are ephemeral, but the Parks are living symbols of the company itself. If the Parks are rotting that shows the world that there is trouble in Paradise.

LilofanDec 28, 2021

Parks and resorts are only a part of the pieces of TWDC. As a shareholder you should recall 10 years ago the stock price hovering around $37 per share. The stock is currently at $155 per share.

harrykDec 28, 2021

When park attendance goes down in future after the Covid disaster and they begin looking at causes - it won't be just portion sizes that assisted in the decline - people want more and better experiences and stock-holders also go to the parks. I, as a stockholder see the decline in the experience and in the dining experience - something has been going wrong in the past 10 years.

LilofanDec 27, 2021

Resist and perhaps leaving to spend more time w/ family.

jpinkcDec 27, 2021

CFO= Chief Bean Counter, Slappie goes to her to cut costs. She is instrumental in the process of lowering the experience. If she cared about it she would resist and that would be News.

note2001Dec 25, 2021

Lady needs to chill with that death stare/smile. OMG, imagine being her kids...

SpectroMagicianDec 23, 2021

I mean lets be honest people, a majority of the guests COULD think about their waistlines more 😂. Not sure how much she has been involved with destroying the magic and all the bad changes at the parks though.


Because the shareholders must love her and you know Bob Chapstickler probably loves her.

jpinkcDec 22, 2021

Why am I not surprised she's sticking around.