Disney Board Member Susan Arnold To Succeed Bob Iger As Chairman Upon His Exit From Company

Disney has tapped Susan Arnold to replace the outgoing Bob Iger as its board chair, the company announced on Wednesday.

Arnold will take over the role when Iger formally exits Disney on Dec. 31, according to the company. She has served on Disney’s board of directors since 2007 and as its lead independent director since 2018.

“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,” Iger said in a statement. “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.”

Arnold’s career includes stints as an operating executive at the asset management firm Carlyle Group and as president of global business units at Procter & Gamble. She was also a member of McDonald’s board of directors from 2008 to 2016.

As chairman, Arnold will be tasked with guiding Disney during its tumultuous recovery from the effects of the COVID-19 pandemic, which forced a months-long shutdown of its theme parks and cruise lines.

Disney+ startscreen on mobile phone. (iStock)
“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 in a statement.

Iger stepped down as CEO in February 2020. At the time, Disney said he would remain as executive chairman through the end of his contract on Dec. 31, 2021.

Iger played a key role in several of Disney’s most pivotable business ventures, including the launch of its streaming services and its acquisitions of 21st Century Fox, Pixar, Marvel and Star Wars.

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Michele Atwood is the Owner/Editor of The Main Street Mouse and it’s subsidiaries and author of the books “Moving to Main Street U.S.A.” “How Many Sleeps Till Disney?” and “How Many Sleeps Till Disneyland?” Michele also contributes Disney news to the Joe Kelley Morning Show on 107.3 WDBO in Orlando. She and her family made the move from Michigan to the Orlando area to pursue their Disney dreams. Michele is a life long Disney fan, and has two sons who have followed suit, each going on their first Disney trip before their first birthday’s. Part of the goal Michele has for The Main Street Mouse is not only to keep members informed, but to create somewhat of a Disney Family by relating to others through personal experiences and opinions. Also, Michele is making it a priority to share stories of inspiration and hope to other Disney Fans in an effort to share the Magic and hopefully make a difference in the lives of others. ~ I enjoy writing personal perspective blogs, doing TMSM Meet Ups for our readers, and keeping the constant interaction going with others, sharing the Disney Magic to people when they can’t be at their Happy Place.

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