Disney shares have sunk 22 per cent this year as the growth of the streaming business plateaued
Walt Disney named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company.
Arnold, 67, has been the lead independent director since 2018 and has served on Disney’s board since 2007. She’s also been a director at McDonald’s and NBTY. She’ll take on the position when Iger leaves the company on December 31.
Iger, 70, is wrapping up his decades-long career at Disney after theme-park leader Bob Chapek succeeded him as chief executive officer last year. The company is pouring its resources into streaming video under Chapek, attempting to capitalize on the popularity of brands like Marvel and Star Wars that Iger acquired
First Published: Dec 03 2021 | 12:51 AM IST