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Walt Disney Company names new Chairman of the Board

Walt Disney Company names new Chairman of the Board

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The Walt Disney Company has named its new Chairman of the Board. See who they named right here.

See ya real soon

Credit: D23

In February 2020, Disney CEO, Bob Iger, stepped down from his role as CEO and into the role of Executive Chairman. Bob Iger was instrumental in his role and also played a big role in the reopening of the Disney Parks.

As Bob Iger stepped down from his role of CEO he agreed to remain with the Walt Disney Company as the company’s Executive Chairman until December 2021.

Not too long ago, Iger hosted a farewell dinner party at his home in California, where Bob Chapek and a number of others were in attendance. This party was actually the reason Chapek did not attend D23’s recent fan event.

New Chairman of the Board

Credit: The Walt Disney Company

Today, the Walt Disney Company’s Board of Directors has announced a new Chairman of the Board, effective December 31, 2021.

Susan Arnold, who has been a Director since 2007 will succeed Bob Iger when he leaves at the end of the year.

Here is what Iger said about Ms. Arnold:

“Susan 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,” said Mr. Iger, Executive Chairman and Chairman of the Board. “Having most recently served as independent Lead Director, Susan 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 honor to work with Susan and our many other talented directors, and I am incredibly grateful for the support and wise counsel they have provided during my tenure.”

Bob Iger – Executive Chairman and Chairman of the Board – Walt Disney Company

Susan Arnold

Disney Reveals Top Executive Pay for 2020
Credit: The Walt Disney Company

Susan Arnold was formerly an operating executive of the equity investment firm The Carlyle Group, where she served from 2013 to 2021. She also served as President—Global Business Units of Procter & Gamble from 2007 to 2009.

Here is what she said about her new position as reported by The Walt Disney Company:

“On behalf of the Board, I would like to express my deepest gratitude to Bob Iger for his extraordinary leadership over the past decade-and-a-half,” Ms. Arnold said. “Bob 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.”

It is worth mentioning that the last two major appointments made by The Walt Disney Company have been female. Congratulations to Ms. Arnold and wishing a happy retirement to Bob Iger!

What do you think of the new Chairman of the Board of The Walt Disney World Company? Tell us your thoughts in the comments below or on our Facebook page.

Source: The Walt Disney World Company

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Terrill Sheeks

Thursday 2nd of December 2021

I too think that Mr Iger was remiss on hosting his party at the same time as the D23 event although I doubt anyone missed Mr Chapek. I wish the powers that be would realize that their devoted fans are the most important key to their enterprise. You can raise your prices but if people feel that the value isn't there anymore, it won't bring you profits. Also of very high importance are your employees. They are the ones who actually go out of their way to make magical experiences for visitors. As they are the face of Disney, they should be well taken care of; an item that I think has been neglected. And yes, I am a shareholder and have been for 40 years. I believe that quality is more important than bottom line. A company cannot call itself successful if it has lost it's integrity.


Wednesday 1st of December 2021

The first thing she mentioned was the stockholders. That says all. I’m a longtime stockholder and I certainly want profits but the company will get them by delivering a great product, not a just ok product like they have been doing.


Wednesday 1st of December 2021

A proper COB would had their retirement party along with the D23 fans; a big party for all (of course this assumes that the COB would do positive things for Disney, not just the stockholders). Too bad America lost what it was great at -- improving things while making a fair profit.

Joyce L Lambert

Wednesday 1st of December 2021

I think if Mr. Iger hosted his own fairwell dinner and chose the night of the D23 Fan event - he doesn't care anything about Disney guests nor the fans. Therefore, I don't think much of his choice. It appears that they all care about one thing - their club of executives and MONEY. To hell with the people who bring in the bucks!

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