Entertainment giant, Walt Disney has appointed a woman to assume the chairmanship role for the first time in its 98- year history.
After being a board member of Disney for the past 14 years, Susan Arnold has been elected to succeed Bob Iger, former Disney Chief by the end of the year.
Ms. Arnold was formerly an executive member at global investment firm, Carlyle and have also served in senior roles at some of America’s biggest organizations.
The outgoing chief executive, Mr. Iger served a 15-year term and would take a final exit from the company at the end of the month.
“Susan is an incredibly esteemed executive whose wealth of experience, unwavering integrity and expert judgement has been invaluable to the company since she first joined the board in 2007”, Mr. Iger said while describing his successor.
In an acceptance remark, Ms. Arnold said “As I step into this new role as chairman of the board, I look forward to continuing to serve the long-term interest 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”.