Get our latest storiesin the feed of your favorite networks. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. By Prince Akoenyenu November 21, 2022. Susan Arnold Young, Education, Political Party, Movies. 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. Joseph Prezioso/ZUMA Wire. That puts her well above the average tenure of directors at companies in the S&P 500 Index, which stands at nearly 8 years, according to executive search firm Spencer Stuart. This story has been shared 123,414 times. They are also able to put foward shareholder proposals. The term party has since come to be applied to all organized groups seeking political power, whether . In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. 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 . Arnold thanked Chapek for leading the company through the pandemic. "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. Iger led Disney for 15 years before stepping down in 2020. . Sign up for free newsletters and get more CNBC delivered to your inbox. Photo by Marko Aliaksandr. They targeted moderate . 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 . Your IP: Iger has a two year contract. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. 2023 BBC. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. FAQ - New Privacy Policy, New York Posts Karol Markowicz discusses how Disney is pushing back against Floridas parental rights bill and how she is quitting the park on Fox Business Tonight., FIRST ON FOX: 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 "discriminate," "alienate the Companys core customers" and even "violate the law.". It therefore prefers to minimize the number of times it takes stands on hot-button social issues. 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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. 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. 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. That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. Walt Disney Co. named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced . She is known for her involvement in several works by the entertainment giant company. View the profiles of people named Susan Arnold. His attempt to keep out of the spotlight had failed. December 2, 2021. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. And so on. 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. You will be redirected back to your article in, Joe Biden Had Basal Cell Cancerous Tissue Removed From Chest, His Doctor Says, Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? 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 . Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. Jeannetta Arnette. 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. "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," said Susan Arnold, Disney's chairman (who will keep that title), in a written statement. 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. In some cases the restive employees are conservatives, not liberals. Photo by Marko Aliaksandr. 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. Now theres the possibility that he could own a sports team or take on another big public role. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Susan Arnold . Parker's appointment is Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. ', 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. 42/$4,105. 2020 Transaction Count/Amount. "[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. 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.. 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. Staffers are told to reject equality for equity and must reflect on Americas racist infrastructure and think carefully about whether or not [their] wealth is derived from racism, according to the documents. 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. She had joined Procter & Gamble in 1980 and held several management and marketing positions before becoming the manager of Procter & Gamble's cosmetics business in Canada in 1990. Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Send a note to coy-newsletter@nytimes.com. 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 . In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. Title. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. "The Street likes Mr. Iger almost as much . Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. By Ryan Faughnder Staff Writer. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. Arnold thanked Chapek for leading the company through the pandemic. The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. 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 . Arnold has been a member of Disneys board since 2007. Changes at the top are disruptive and Disney is undergoing its own transformation. Also known as. When you wait too long, youll get penalized no matter what you do., Companies need to accept that they have become part of the political process, like it or not, Paharia said. Chairman of the Board. During his four decades at NIKE, Mark has led one of the worlds most recognized consumer brands through various market evolutions and a successful CEO transition, and he is uniquely positioned to chair the Disney Board during this period of transformation., Mark Parkers vision, incredible depth of experience and wise counsel have been invaluable to Disney, and I look forward to continuing working with him in his new role, along with our other directors, as we chart the future course for this amazing company, said Robert A. Iger, Chief Executive Officer, The Walt Disney Company. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. Advertisement. 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. The move comes as the company faces a proxy fight with an influential activist shareholder. 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. While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, the Board does not endorse the Trian Group nominee, and recommends that shareholders not support its nominee, and instead vote FOR all the Companys nominees (noted above). The entrance to Disney World in Orlando, Florida. It states that "classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age appropriate or developmentally appropriate for students in accordance with state standards.". When Bob Iger officially leaves Disney at the end of . 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. Picture taken July 24, 2021. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. 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.. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. Powered and implemented byFactSet Digital Solutions. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. The date of the Annual Meeting has not yet been announced. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 1 He will be replaced by Susan Arnoldwho has been . A Division of NBCUniversal. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. She served as president of the global business units of Procter & Gamble from 2007 to 2009 and was also a member of the board at McDonald's from 2008 to 2016. "Mark Parker is an incredibly well-respected leader who over seven years. 4. Arnold has served as the panel . 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 . Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 67.227.155.73 3 min read. 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. Susan Arnold, who has been a Disney board member for 14 years and the independent lead director since 2018, will succeed Bob Iger as chairman of the board at the end of 2021. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. We want to hear from you. Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. "Floridas HB 1557, also known as the Dont Say Gay bill, should never have passed and should never have been signed into law," the Disney statement said. "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. The company made the announcement today. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. exercices corrigs maths terminale stmg pdf . 2018 Transaction Count/Amount. Iger is set to step away from the role by the end of this year. 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. 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.". Arnold is a 14-year member of the Disney . Susan Arnold will succeed Bob Iger as the next Disney chairman. . All Rights Reserved. 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 Board of Directors has a fiduciary obligation to ensure it fulfills its duty of oversight, and should provide answers to its shareholders without delay. On Nov. 29, Twitter announced that Taylor would become its chairperson. She is based in New York. All quotes delayed a minimum of 15 minutes. Susan E. Arnold. Send us a tip using our annonymous form. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. Walt Disney has named a new chairman of the board, and indicated its also in for a proxy fight as Nelson Peltz Trian Group seeks a directors seat for the activist investor in opposition to the companys slate. It's a movement. Yes, even on a piece of state legislation that did not directly involve Disney. 2023 FOX News Network, LLC. With the departure of Arnold . She has also served in senior roles at some of America's biggest companies. 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. 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. What science tells us about the afterlife. Susan Arnold (Q535362) Susan Arnold. Read about our approach to external linking. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. noted on a politically optimistic earnings call two days after the election, he supports closing tax . 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. Have feedback? 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. The Walt Disney Company. The Board is nominating for re-election at the Companys Annual Meeting incumbent directors Mary T. Barra, Safra A. Catz, Amy L. Chang, Francis A. deSouza, Carolyn Everson, Michael B.G. The Fair Political Practices Commission is looking at whether former Gov. Walt Disney Co. has announced that Susan E. Arnold will succeed Robert Iger as chairman of the board, the first time a woman has held the position at the company, effective December 31st. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. The entrance to Disney World in Orlando, Florida. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. 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. 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.. This isnt just a Disney issue. Arnold thanked Chapek for leading the company through the pandemic. Our Standards: The Thomson Reuters Trust Principles. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. Contribution Totals. His departure marks the end of an era. 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. "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.