Disney Taps New Board Chair to Succeed Bob Iger

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Executive Chairman Bob Iger will depart from Walt Disney later this year.

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Rich Fury / Getty Images

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Walt Disney named Susan Arnold as chairman of its board, succeeding former CEO Bob Iger when he left the company later this year.

Arnold has been a member of Disney’s board of directors for 14 years and has served as chief director since 2018.

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“Susan is an incredibly respected executive whose experience, unwavering integrity and expert judgment have been invaluable to the company since she first joined the board in 2007,” Iger said in a news release.

Arnold was formerly an operating chairman of private-equity firm The Carlyle Group, and has held several executive-level positions at Procter & Gamble.,
He has also served as a director of McDonald’s and The Nature’s Bounty Company. News release,

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Iger stepped down as Disney’s CEO in February 2020, appointing Bob Chapek, who succeeded the company’s Parks, Experiences and Products division. Disney said Iger would take the role of executive chairman until the end of his contract on December 31, 2021, to ensure a “smooth and successful transition.”

“I look forward to continuing to serve the long-term interests of Disney shareholders and working closely with CEO Bob Chapek as he builds on the company’s centuries-old legacy of creative excellence and innovation,” Arnold said.

Disney shares were up 0.7% in pre-market trading on Thursday after falling 1.9% on Wednesday.

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