Susan Arnold: After 98 years, Walt Disney gets first woman chair

Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007

The Fox Star Studios team will also report to the Disney finance team in Los Angeles as part of the merger process.
Premium

Disney shares have sunk 22 per cent this year as the growth of the streaming business plateaued

Christopher Palmeri | Bloomberg
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

Also Read

Are you ready for sentient Disney robots?

Walt Disney to reinstate production of branded merchandise in Bangladesh

Disney+ Hotstar forays in Telugu market with new series 'Unheard'

Walt Disney opens Marvel-themed 'Avengers' campus in California

Wall Street slides on concern over weak retail data, Delta spread

Tesla launches electric quad bike in United States for kids

Apple tells suppliers iPhone 13 demand has slowed as holidays near: Report

Amazon exploiting sellers, to pocket $121 bn this year, says report

Australia's Woolworths makes $613 mln drugstore play, taking on Wesfarmers

China's Kaisa struggles for relief from bond holders as default risk looms

First Published: Dec 03 2021 | 12:51 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com