This Wednesday, Walt Disney named Susan Arnold as its chairman, the first woman to be named to the position in the entertainment company’s 98-year history. Arnold, who has been a 14-year board member, takes over from Bob Iger on December 31st.
Iger, who stepped down as Disney CEO in 2020 after 15 years in the job, will leave the company later this month. Arnold was previously an operating executive at equity investment firm The Carlyle Group. She has also held executive positions at Procter and Gamble (P&G) and McDonald’s.
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Arnold’s appointment comes at a time when large corporations are moving away from an organizational structure where the roles of CEO and president are performed by a single person. Experts consulted by Reuters say the move is supported by corporate governance authorities and some shareholders.
Several other Disney executives have announced plans to leave by the end of 2021, including studio head Alan Horn, president and creative director Gary Marsh and company general counsel Alan Braverman.
The Disney post will have a female president for the first time in 98 years of history and first appeared in ISTOÉ DINHEIRO.
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