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Disney elects woman as chairman for first time in 98-year history

Added 12-01-21 10:04:02pm EST - “Susan Arnold, who has been a board member for 14 years, will succeed Bob Iger at the end of the year.” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Disney elects woman as chairman for first time in 98-year history”. Below is an excerpt from the article.

Walt Disney has elected a woman to become its chairman for the first time in the entertainment giant's 98-year history.

Susan Arnold, who has been a board member for 14 years, will succeed Bob Iger at the end of this year.

Mr Iger, who stepped down as Disney's chief executive in 2020 after 15 years in the role, will leave the company by the end of this month.

"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's shareholders and working closely with CEO Bob Chapek as he builds upon the company's century-long legacy of creative excellence and innovation," Ms Arnold said in a statement.

For the last eight years Ms Arnold has been an executive at Carlyle Group, having previously held roles at consumer goods giant Procter and Gamble and fast food chain McDonald's.

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