Disney Appoints A Woman, Susan Arnold, To Chair Its Board For The First Time In 98 Years
I don’t watch a lot of movies but I do end up watching a lot of animated movies – especially the ones that come from Disney. Honestly, Disney creates a magical world that I sometimes refuse to let go of. The entertainment giant has created history not just with its movies but quite recently with its decision to appoint a woman to chair its board. Yep, you read that right. For the first time in the history of Disney, Walt Disney has elected a woman, Susan Arnold as the chairman of the board. Breaking glass ceilings never felt this magical.
Susan Arnold, who has been a board member for 14 years now, will take over the role as the chairman of the board by the end of the year. The place was first occupied by Bob Iger who stepped down in 2020 as the chief executive after playing the role for 15 years. He is set to leave Disney by the end of December 2021.
The newly elected chairman of the board of Disney, Susan Arnold said, “As I step into this new role as chairman of the board, 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.”
As per BBC, Susan Arnold becomes the first woman in Disney history to be elected as chair for the board. Speaking about her, Bob Iger said that Susan, who has held major roles in well-known companies such as McDonald’s, Carlyle Group, etc., has a lot of experience, integrity, and judgment, and all of this combined will prove to be very beneficial just the way it has been ever since she became a board member in 2007.
Susan Arnold has marked a historic moment in the entertainment giant’s history, but the exit of Bob Iger marks the end of an era. The man has played a senior role in the company since 1996 and during his time Disney made some major acquisitions like the takeovers of Marvel, Pixar, 21st Century Fox, etc.
Not going to lie, I’m really proud and inspired by Susan Arnold who will now become the chairman of the board for Disney. In its truest sense, she is the one who broke the glass ceiling and how.