Printed on Mon Sep 26 2022 9:34:34 AM

Disney gets first female chairman in 98-year history

International Desk
World
Disney
The Walt Disney Company, a multinational entertainment, and media group in the United States have been elected female chairman for the first time in 98-year history. Susan Arnold was a member of Disney's board for 14 years. At the end of this year, she will take over as Robert Iger's successor at the multinational.

Susan has previously served as an executive at The Carlyle Group, the largest investment company. Robert Iger, on the other hand, stepped down as Disney's chief executive in 2020 after 15 years in office. This time he is leaving Disney at the end of this month.

"By joining the new role as chairman of the board, I look forward to continuing to work in the long-term interests of Disney shareholders and working closely with CEO Bob Chapek," said Susan Arnold in a statement.

Arnold has been an executive at The Carlyle Group for the past six years. He has previously worked for consumer goods giant Procter & Gamble and fast-food chain McDonald's.

Bob Iger said in a statement that since joining Disney's first board in 2006, Susan has become an incredible executive because of her wealth of experience, unwavering integrity, and special role.

Recently, due to various internal pressures, Disney has been forced to change its management due to the presence of the same person in the position of the chief executive and chairman of the organization. As part of this, Susan was elected chairman of the organization.

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