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. The move takes effect when Iger formally exits on December 31.
Arnold has been a member of the board for 14 years. Iger, who passed the CEO baton to Bob Chapek in February 2020 and announced his plan to leave the company, had been board chair since 2012.
In addition to her role on the Disney board, Arnold has had career stints as an exec at investment firm The Carlyle Group as well as at Procter & Gamble. She has been a board member at McDonald’s Corp. and Nbty.
“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,” Iger said in a press release Wednesday. “Having most recently served as independent lead director,...
Arnold has been a member of the board for 14 years. Iger, who passed the CEO baton to Bob Chapek in February 2020 and announced his plan to leave the company, had been board chair since 2012.
In addition to her role on the Disney board, Arnold has had career stints as an exec at investment firm The Carlyle Group as well as at Procter & Gamble. She has been a board member at McDonald’s Corp. and Nbty.
“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,” Iger said in a press release Wednesday. “Having most recently served as independent lead director,...
- 12/1/2021
- by Dade Hayes
- Deadline Film + TV
Susan Arnold, a veteran of consumer-products giant Procter & Gamble as well as the Carlyle Group investment firm, will take the reins as chairman of Walt Disney Co.’s board of directors, succeeding Bob Iger in the role when he departs on December 31.
The transition will mark the end of an era for the big entertainment company, which will not have Iger in a senior operating role for the first time since 1996.
In a filing with the U.S. Securities and Exchange Commission, Disney said Iger informed its board Wednesday that he intended to step down as chairman of the board at the same time he left his role as executive chairman 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 Iger, in a prepared statement.
The transition will mark the end of an era for the big entertainment company, which will not have Iger in a senior operating role for the first time since 1996.
In a filing with the U.S. Securities and Exchange Commission, Disney said Iger informed its board Wednesday that he intended to step down as chairman of the board at the same time he left his role as executive chairman 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 Iger, in a prepared statement.
- 12/1/2021
- by Brian Steinberg
- Variety Film + TV
The Walt Disney Company’s board of directors has named Susan Arnold, a 14-year member of the board, as its new chairman to succeed outgoing chair Bob Iger.
Arnold will begin as chairman of the board Dec. 31, after Iger leaves Disney 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,” Iger said Wednesday in a statement. “Susan is the perfect choice for Chairman of the Board, and I am confident the Company is well-positioned ...
Arnold will begin as chairman of the board Dec. 31, after Iger leaves Disney 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,” Iger said Wednesday in a statement. “Susan is the perfect choice for Chairman of the Board, and I am confident the Company is well-positioned ...
- 12/1/2021
- The Hollywood Reporter - Movie News
Walt Disney Co. has elected Bob Chapek, the company’s newly appointed chief executive, to its board of directors, less than two months after the surprise announcement that he would succeed Bob Iger in the top spot.
“Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago, and we’ve watched him navigate this very complex situation with decisiveness and compassion,” said Iger and Susan Arnold, independent lead director of the Disney board. “We are pleased to add Bob to the Board, as we stated we would when he was named CEO.”
Iger has since transitioned to the role of executive chairman. The Disney board now has 10 members, including Chapek.
Prior to his elevation to CEO, Chapek served as chairman of Disney’s parks, experiences and products division for two years, and was chairman of parks and...
“Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago, and we’ve watched him navigate this very complex situation with decisiveness and compassion,” said Iger and Susan Arnold, independent lead director of the Disney board. “We are pleased to add Bob to the Board, as we stated we would when he was named CEO.”
Iger has since transitioned to the role of executive chairman. The Disney board now has 10 members, including Chapek.
Prior to his elevation to CEO, Chapek served as chairman of Disney’s parks, experiences and products division for two years, and was chairman of parks and...
- 4/15/2020
- by Elaine Low
- Variety Film + TV
Walt Disney said Wednesday its board of directors has elected Disney’s new CEO Bob Chapek to join it – not a surprise after the longtime executive was named to the top job in late February.
“Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago, and we’ve watched him navigate this very complex situation with decisiveness and compassion. We are pleased to add Bob to the Board, as we stated we would when he was named CEO,” said Susan Arnold, independent Lead Director of the Disney Board, and Robert Iger, former CEO and now executive chairman and chairman of the board.
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“Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago, and we’ve watched him navigate this very complex situation with decisiveness and compassion. We are pleased to add Bob to the Board, as we stated we would when he was named CEO,” said Susan Arnold, independent Lead Director of the Disney Board, and Robert Iger, former CEO and now executive chairman and chairman of the board.
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- 4/15/2020
- by Jill Goldsmith
- Deadline Film + TV
Disney shareholders today approved compensation packages of chairman and CEO Bob Iger and other executives, with just 57% voting in favor.
The vote, which was narrow but marked a reversal of last year’s rebuke by shareholders, punctuated the 90-minute meeting, which was held in St. Louis but live-streamed on the company’s website. Earlier this week, Disney disclosed in an SEC filing that it had lowered Iger’s total pay package by $13.5 million, though he remains one of the best-paid executives in media. The California Public Employees’ Retirement System (Calpers) is among the major shareholders opposed to even the updated pay plan.
In a more decisive vote, an estimated 94% of shareholders approved the re-election of Susan Arnold, Mary Barra, Safra Catz, Francis deSouza, Michael Froman, Iger, Maria Elena Lagomasino and Mark Parker to the company’s board of directors. New director Derica Rice’s election was also Ok’d in that same vote.
The vote, which was narrow but marked a reversal of last year’s rebuke by shareholders, punctuated the 90-minute meeting, which was held in St. Louis but live-streamed on the company’s website. Earlier this week, Disney disclosed in an SEC filing that it had lowered Iger’s total pay package by $13.5 million, though he remains one of the best-paid executives in media. The California Public Employees’ Retirement System (Calpers) is among the major shareholders opposed to even the updated pay plan.
In a more decisive vote, an estimated 94% of shareholders approved the re-election of Susan Arnold, Mary Barra, Safra Catz, Francis deSouza, Michael Froman, Iger, Maria Elena Lagomasino and Mark Parker to the company’s board of directors. New director Derica Rice’s election was also Ok’d in that same vote.
- 3/7/2019
- by Dade Hayes
- Deadline Film + TV
Corporate governance geeks will be interested in this footnote to the shareholder vote for the Disney board at Tuesday’s annual meeting: The results, just released, suggest that advisory firm Institutional Shareholder Services had more sway with the company’s stock holders than its rival Glass, Lewis & Co did. Both groups objected to corporate governance decisions, but urged investors to express their anger by opposing different directors. Iss urged a “no” vote for Judith Estrin, Aylwin Lewis, Robert Matschullat, and Sheryl Sandberg — members of the Nominating and Governance Committee who wanted to make CEO Bob Iger Disney’s chairman as well. And Glass Lewis opposed Susan Arnold, John Chen, Fred Langhammer, and Aylwin Lewis — members of the Compensation Committee who allegedly didn’t link executive pay to performance. Glass Lewis also doesn’t think Orin Smith belongs on any board after serving as a director of Washington Mutual, the savings...
- 3/16/2012
- by DAVID LIEBERMAN, Executive Editor
- Deadline TV
There was once a time when things like J.R.R. Tolkien novels, Dungeons & Dragons and thick-rimmed glasses were not cool. Yet, somehow, over time being a geek, or even a nerd, became cool. Suddenly, every beautiful babe in Hollywood claims she was a geek in high school, and shows like "Glee" make being an outsider look like fun. And with smart guys like Steve Jobs, Mark Zuckerburg and Bill Gates ruling the world as we know it, it certainly seems that, yes, the geeks shall inherit the earth.
And it looks like yet another television show is hoping to get down with the dorks.
Jennifer Garner's Vandalia Films is developing a half-hour comedy at ABC Studios based on the book "The Geeks Shall Inherit the Earth," reports Variety.
The book, by writer Alexandra Robbins, follows seven different students with distinct quirks and how those personalities will prove valuable in adulthood.
And it looks like yet another television show is hoping to get down with the dorks.
Jennifer Garner's Vandalia Films is developing a half-hour comedy at ABC Studios based on the book "The Geeks Shall Inherit the Earth," reports Variety.
The book, by writer Alexandra Robbins, follows seven different students with distinct quirks and how those personalities will prove valuable in adulthood.
- 9/9/2011
- by Crystal Bell
- Huffington Post
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