The Walt Disney Company has named Susan Arnold as chairman of its board, effective December 31 — the first woman to have the role in the company’s 98-year history.
Arnold has been a member of the Disney board for 14 years, serving as independent lead director since 2018. She will be stepping in for Robert Iger when he leaves the company at the end of the year. Iger has held the role since 2012.
Arnold’s resume demonstrates extensive experience in brand management and marketing, environmental sustainability, product and business development, international consumer markets, finance and executive and risk management. Previously, she’s held senior roles at The Carlyle Group, Procter & Gamble, McDonald’s Corp. and NBTY, among others.
“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 Iger. “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.”
Iger was previously the company’s CEO and chairman, but stepped down as CEO last year, replaced by Bob Chapek. Iger moved into an executive chairman role at that point, but at the end of this year, he is leaving the company after a decade and a half.