The Walt Disney Company has named Nike executive chairman Mark Parker as its new chairman, replacing longtime board member Susan Arnold, whose term limit is expiring.
Parker, a Disney board member since 2016, takes over Disney’s board at a time of transition for America’s largest media company. Bob Iger recently returned as CEO after a brief hiatus. “Mark Parker’s vision, incredible depth of experience and wise counsel have been invaluable to Disney, and I look forward to continuing working with him in his new role, along with our other directors, as we chart the future course for this amazing company,” said Iger in a statement.
Dan Loeb, the activist investor and Third Point CEO, made headlines in August when he suggested “a strong case can be made that the ESPN business should be spun off to shareholders with an appropriate debt load.” Another activist shareholder group, Trian Partners, nominated its leader Nelson Peltz as a director. Disney said Wednesday it will work with Peltz but opposed his appointment to the board. “Mr.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nike Executive Chairman Mark Parker to be named chairman of DisneyWalt Disney Co.'s undefined board of directors on Wednesday announced it has elected independent director Mark Parker as chairman. Parker, a seven-year...
Read more »
Disney names Mark Parker to be chairmanWalt Disney Co.'s undefined board of directors on Wednesday announced it has elected independent director Mark Parker as chairman. Parker, a seven-year...
Read more »
Disney Debuts Some New and Delicious Disney Munchlings PlushesNew Disney Munchlings are back as new, tasty, delightful characters from MickeyMouse, WinniethePooh and MonstersInc get a baked goods makeover
Read more »
Disney characters coming to Amazon Alexa with 'Hey Disney' commandAmazon recently offered a sneak preview of the Hey Disney experience during the Consumer Electronics Show. It will be available for purchase in the coming months.
Read more »
Disney Elects Mark Parker Board Chairman, Replacing Susan Arnold; Activist Investor Nelson Peltz Also Seeking A SeatWalt Disney has named a new chairman of the board chair and indicated it’s also in for a proxy fight as Nelson Peltz Trianon Group seeks a director’s chair for the activist investor in …
Read more »