Disney store front

People on the Move: Susan E. Arnold, New Chairman of the Board for the Walt Disney Company

For the first time ever in its nearly hundred-year-old history, Disney will have a female board chair.

NPR’s Jeff Dean reported that “the 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 Dec. 31.”

According to Dean, “Arnold, a 14-year member of the Disney board, will look to draw upon her experience in executive positions at Procter & Gamble and the Carlyle Group and as a director of McDonald’s as she assumes a lead role in navigating one of the world’s largest media companies.” 

Along with CEO Bob Chapek, who succeeded Iger in 2020, Arnold will be taking the reins at Disney in a tumultuous time for the entertainment giant. Chapek and Arnold are tasked with leading Disney at a time of significant change and uncertainty in the entertainment industry as a whole. The early stages of the pandemic took a massive toll on Disney, with many of its theme parks and theaters shuttered due to social-distancing protocol. Since then, most of its theme parks and theaters have reopened, but Disney is now also focusing on streaming services and making its content culturally relevant.

As Reuters noted, Arnold’s appointment also “comes at a time when big corporations are moving away from an organizational structure where the CEO and chairperson roles are held by a single person following a push by corporate-governance experts, shareholders and, in some cases, regulators to untangle the two roles.”

Among the other changes at the Mouse House: Studios head Alan Horn, President and Chief Creative Officer of Disney Branded Television Gary Marsh and Company General Counsel Alan Braverman have all announced plans to leave the company before the end of the year.


Related: For more recent diversity and inclusion news, click here.


Latest News

Toyota Earns the Most R&D Patents Among Automakers in IPO Rankings for 8th Consecutive Year

Originally published at pressroom.toyota.com. Toyota ranked No. 7 on The DiversityInc Top 50 Companies for Diversity list in 2021.   The United States Patent and Trademark Office awarded Toyota more patents than any other automaker in 2021, according to an annual ranking by the Intellectual Property Owners Association (IPO). Toyota’s engineers…

Wells Fargo Announces New Initiative To Help Customers Avoid Overdraft Fees and Meet Short-Term Cash Needs

Originally published at newsroom.wf.com. Wells Fargo ranked No. 25 on The DiversityInc Top 50 Companies for Diversity list in 2021.   Wells Fargo announced new efforts to limit overdraft-related fees and give customers more flexible options to meet their personal financial needs. These offerings, which include earlier access to direct deposits,…

LGBTQ dog tags

US Government Will Now Allow Veterans To Identify As Trans on Veteran Affairs Medical Records

In another giant leap forward for LGBTQ+ rights and equality in the military, the federal government has announced that military veterans can now officially identify as trans in their official medical records. Brody Levesque of the Los Angeles Blade reported that Veterans Affairs Secretary Denis McDonough has confirmed that veterans…