The Walt Disney Company said Susan Arnold will take over the reins from Bob Iger as chairman of the board at the entertainment giant.
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The company said Tuesday that Arnold, who has sat on Mouse House’s board for 14 years and who has served as its independent principal director since 2018, will take the role of chairman if Iger leaves the firm at the end of the year.
Iger had served as chairman of the board since 2012, a role he still held after stepping down as CEO last year, handing over the role to Bob Chapek. For the past year, Iger has held the role of acting chairman.
Arnold joins Disney from The Carlyle Group, a private-equity giant where he served as an operating executive from 2013 to 2021. Prior to this, Arnold served as President of Global Business Units at Procter & Gamble from 2007 to 2009. She also held several other jobs at P&G, including the Vice President of Beauty and Health, as well as the President of Global Personal Beauty Care and Global Feminine Care. He also served as director of both McDonald’s and NBTY.
“Susan is an incredibly respected executive whose experience, unwavering integrity, and expert judgment have been invaluable to the company since she first joined the board in 2007,” Iger said. “Having recently served as independent principal director, Susan is the perfect choice for chairman of the board, and I am confident that the company is well positioned for continued success under her guidance and leadership.”
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“As I step into this new role as Chairman of the Board, I look forward to continuing to serve the long-term interests of Disney shareholders and working closely with CEO Bob Chapek as he celebrates the company’s centenary of creative excellence.” Builds on a long legacy of innovation and innovation,” Arnold said.