In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. Susan Arnold named chairman of the board for Walt Disney Co. Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. To a Spreadsheet or Other File Type. 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'll succeed Bob Iger, who stepped down as Disney CEO early last year. susan e arnold political party Chairman of the board Bob Iger leaves at the end of 2021. 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. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. "The Board of Directors has a fiduciary obligation to ensure it fulfills its duty of oversight, and should provide answers to its shareholders without delay. That fits with the direction Disney is headed in generally. 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. 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 . [11][12] She was elected chair on December 31, 2021. 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. He then joined Disney and became the CEO in 2005. Sign up for free newsletters and get more CNBC delivered to your inbox. By subscribing, I agree to the Terms of Use and Privacy Policy. 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.. 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. The best of what to see, hear, eat, do, and more. political party, a group of persons organized to acquire and exercise political power. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. I attended several [training sessions] at the beginning just to see what the temperature of the discussion would be and to gauge if I would be able to bring up my own objections in a safe waysafe meaning for my career. Meet Susan Arnold, Disney's first woman chairperson in 98 years Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. The Walt Disney Company has a big problem. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Disney Replaces Susan Arnold As Chair, Seeks To Fend Off Activist Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Susan E Arnold - LittleSis By Prince Akoenyenu November 21, 2022. "The Street likes Mr. Iger almost as much . Disney meets low bar with new chair | Reuters It has featured gay and lesbian characters in its productions and the chair of its board of directors, Susan Arnold, is one of the highest-ranking women in corporate America who is openly lesbian. "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. 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 to succeed Bob Iger as Disney chairman - New York Post Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. His attempt to keep out of the spotlight had failed. The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. susan e arnold political party Susan Arnold Named Chairman of the Board of the Walt Disney Company "Apparently, the Companys executives have chosen to discriminate, create a hostile work environment, and drive away creative, loyal, and talented employees; alienate the Companys core customers; and violate the law, all for the purpose of advancing a very narrow political and social agenda promoting, inter alia, sexualizing content provided to young children," the letter to Disney states. 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 . Legal Statement. Disney's in a big moment of transition. 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. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. Data is a real-time snapshot *Data is delayed at least 15 minutes. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Read about our approach to external linking. [7], On December 1, 2021,[10][3] Arnold was appointed to replace Bob Iger as chair of the board at The Walt Disney Company and became the first woman to be appointed to this position in the 98-year history of Disney. "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. Read about our approach to external linking. Prior to that, she was Vice Chair of P&G Beauty and. It's a movement. The . Arnold will begin her new role Dec. 31 . Susan Arnold Named Chairman Of The Board Of The Walt Disney Company The action you just performed triggered the security solution. Susan Arnold Profiles | Facebook edit. Susan Arnold - Wikidata Gov. Contribution Totals. Susan Arnold: After 98 years, Walt Disney gets first woman chair Arnold has been a member of Disneys board since 2007. Weve already seen that happen a bit. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. 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. Hell be succeeded by Susan Arnold. Iger was Disney's public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which he compiled a string of victories lauded in the entertainment . 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 . Also known as. Disneys in a big moment of transition. 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. susan e arnold political party - casparicreative.com "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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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 industry leader for online information for tax, accounting and finance professionals. 2021-present. Deadline is a part of Penske Media Corporation. 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. Hell be succeeded by Susan Arnold. She is based in New York. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. 67.227.155.73 Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. Arnold is bumping up against Disneys own corporate governance guidelines that state the board wont nominate for re-election any non-management director after completing 15 years of service. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. Consumers are turning to vote with their dollar.. Susan Arnold (Q535362) Susan Arnold. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. 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. Ant Man gets poor reviews. All quotes delayed a minimum of 15 minutes. ', 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. Changes at the top are disruptive and Disney is undergoing its own transformation. Susan Arnold to Succeed Bob Iger as Disney Chairman - YouTube Susan Arnold - Wikipedia but a. This isnt just a Disney issue. Disney names Susan Arnold chair of the board, replacing Iger 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. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . 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. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. Susan Arnold . All rights reserved. The average tenure of the current Board is four years, with three directors serving fewer than two years, and in addition the Board is led by an independent chairman. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. A conservative legal group set up by former Trump adviser Stephen Miller on Tuesday sent a letter to The Walt Disney Company Chair Susan Arnold accusing company executives of choosing to . 2023 Deadline Hollywood, LLC. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 4. It's a woke world after all. When is Eurovision and how do you get tickets? 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. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. The entrance to Disney World in Orlando, Florida. That angers both sides, he said. 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. He'll be succeeded by Susan Arnold. 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The great irony of this is that the people who are in charge of Disney are some of the richest and most powerful and privileged white males in the history of humanity and they are pushing this divisive, critical race theory based ideology as corporate dogma and the only end of this is division. 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. She is known for her involvement in several works by the entertainment giant company. As a result, the board will be reduced to 11 members. Harry: I always felt different to rest of family, Chris Rock talks Oscars slap in live Netflix show, Everything Everywhere wins big ahead of Oscars, PM to end asylum claims from small boat arrivals, US-made cheese can be called 'gruyere' - court, Mbappe breaks PSG goal record in win over Nantes. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Disney reappoints ex-CEO Bob Iger as company head | khou.com The BBC is not responsible for the content of external sites. She retired from Procter & Gamble on September 1, 2009. 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.". The more a company does, the more it is expected to do. 42/$4,105. 2020 Transaction Count/Amount. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. 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 . 2023 FOX News Network, LLC. 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. On Nov. 29, Twitter announced that Taylor would become its chairperson. When Bob Iger officially leaves Disney at the end of . 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. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Language. Wall Street applauded Iger's return. Currently, Susan E. Arnold is Chairman at The Walt Disney Co. Betty Arnold (Democratic Party) is a member of the Kansas State Board of Education, representing District 8.Arnold assumed office on January 12, 2021. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Facebook gives people the power to. Book Susan Arnold | Speakers Bureau | Booking Agent Info Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. Its been very stifling to feel like everyone keeps talking about having open dialogue and compassionate conversations, but when it comes down to it, I know if I said one thing that was truthful, based on data, or even just based on my own personal experience, it would actually be rather unwelcomed, the person continued. 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. 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. 3 min read. 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. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. Picture taken July 24, 2021. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Chairwoman. Iger back on top in a Disney plot twist that few saw coming "[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 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. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Arnold has served on the board of directors of The Walt Disney Company since 2007,[3] as well as the Carlyle portfolio investments company NBTY, The Nature's Bounty Co. She has also been a member of the Board of Directors of McDonald's Co. since 2008. Chris Palmeri reports. 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. Are you going to stand up for them or not?.