US' Walt Disney names Susan Arnold as chairman of board

Arnold brings to her role extensive public-company board experience and in-depth knowledge of brand management and marketing, environmental sustainability, product and business development, international consumer markets, finance, and executive and risk management. She was formerly an operating executive of the equity investment firm, Carlyle, where she served from 2013 to 2021. Previously, she served as president—global business units of Procter & Gamble from 2007 to 2009. Iger has served as chairman of the board since 2012, and as Disney’s executive chairman since 2020, directing the company’s creative endeavours, the company said in a press release.

“Arnold is an incredibly esteemed executive whose wealth of experience, unwavering integrity, and expert judgment have been invaluable to the company since she first joined the board in 2007. Having most recently served as independent lead director, she is the perfect choice for chairman of the board, and I am confident the company is well-positioned for continued success under her guidance and leadership. It has been a distinct honour to work with Arnold and our many other talented directors, and I am incredibly grateful for the support and wise counsel they have provided during my tenure,” Iger, executive chairman and chairman of the board said in a statement.

“On behalf of the board, I would like to express my deepest gratitude to Iger for his extraordinary leadership over the past decade-and-a-half. Iger has led Disney to amazing heights both creatively and financially, with his clear strategic vision for delivering high-quality branded storytelling, embracing cutting-edge technology, and expanding internationally, and he’s left an indelible mark on The Walt Disney company that will be felt for generations to come. 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,” Arnold said.

Fibre2Fashion News Desk (GK)