Susan Arnold will Replace Bob Iger as Disney’s Board Chair
Susan Arnold will take over as Disney‘s chairman of the board. She succeeds former CEO Bob Iger who has been the board chairman since 2012. Iger is set to step away by the end of this year. Arnold is the first woman to hold the position in the company’s 98 year history.
Arnold has been on Disney’s board for 14 years and been the independent lead director since 2018. She was an operating executive at The Carlyle Group until this year. She has also served as president of the global business units of Procter & Gamble from 2007 to 2008 and was a member of McDonald’s board from 2008 to 2016. The Carlyle Group has been the center of numerous controversies including Taylor Swift’s music buyout, accused of profiting from conflict, and missteps from leadership.
Disney’s executive structure will keep the roles of CEO and chairman separate for now. Bob Chapek was named Disney’s CEO in February of 2020.