Susan Arnold Explained

Susan Arnold
Birth Date:8 March 1954[1]
Birth Place:Pittsburgh, Pennsylvania, U.S.
Occupation:Executive
Employer:The Walt Disney Company
Chairman
Term:2021–2023
Predecessor:Bob Iger (2012–2021)

Susan E. Arnold (born March 8, 1954) is an American business executive who formerly served as the chairman of The Walt Disney Company.

Early life and education

Arnold graduated from the University of Pennsylvania with a Bachelor of Arts degree, and from the University of Pittsburgh with a Master of Business Administration degree.[2]

Career

Susan Arnold began her career as a brand assistant for the Dawn/Ivory Snow Group at Proctor Gamble in 1980. In 1999, she assumed global responsibility for Procter & Gamble's beauty business, thereby becoming the first woman to reach a president-level position in the company.[3] [4] She retired from Procter & Gamble on September 1, 2009.[5]

Between 2013 and 2021, Arnold served as an operating executive of The Carlyle Group.[6] She is based in New York. Arnold has served on the board of directors of The Walt Disney Company since 2007,[7] as well as the Carlyle portfolio investments company NBTY, The Nature's Bounty Co. She has also been a member of the Board of Directors of McDonald's Co. since 2008. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007.[8] [9] [10]

On December 1, 2021,[11] Arnold was appointed to replace Bob Iger as chair of the board at The Walt Disney Company and became the first woman to be appointed to this position in the 98-year history of Disney.[12] [13] She was elected chair on December 31, 2021.[14] On January 11, 2023, Disney announced that Arnold would no longer serve as the board's chair after the next annual shareholder meeting and would be replaced by former Nike CEO Mark Parker.[15]

Personal life

Arnold is openly lesbian.[16] [17] Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. She was listed multiple times on the Forbes list of The World's Most Powerful Women and in 2005 she was #16 on Forbes The World's 100 Most Powerful Women list. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business.[8] [9] In June 2022, she was recognized by the International Hospitality Institute on the Global 100 in Hospitality as one of the 100 Most Powerful People in Global Hospitality.[18]

Notes and References

  1. Web site: Susan E. Arnold.
  2. Web site: Susan E Arnold, Walt Disney Co: Profile and Biography - Bloomberg Markets . 2022-09-10 . www.bloomberg.com.
  3. News: Neff . Jack . Susan Arnold to Retire From P&G . 28 November 2023 . 9 March 2009.
  4. News: Procter & Gambles Susan Arnold to retire . 28 November 2023 . Marketing Week . 10 March 2009 . en.
  5. News: Vanac . Mary . Procter & Gamble veteran Susan Arnold steps down as global business president . 28 November 2023 . MedCity News . 9 March 2009.
  6. News: Steinberg . Brian . Susan Arnold Will Take Disney Chairman Role After Bob Iger’s Departure . 28 November 2023 . Variety . 1 December 2021.
  7. News: Susan Arnold Named Chairman of the Board of The Walt Disney Company, Effective December 31. Walt Disney Company. December 1, 2021. December 13, 2021.
  8. Web site: The Walt Disney Company - Susan Arnold Biography . September 27, 2007 .
  9. Web site: Susan Arnold, The Most Powerful Women - Forbes.com . September 27, 2007 . dead . https://web.archive.org/web/20080118153808/http://wwwtest.forbes.com/lists/2005/11/87H4.html . January 18, 2008 .
  10. Web site: The Walt Disney Company - News from the Disney Board - May 01, 2007 . September 27, 2007 .
  11. News: Disney names Susan Arnold as board chair, replacing Bob Iger. Jessica. Bursztynsky. CNBC. 1 December 2021. 13 December 2021.
  12. News: Disney appoints woman as chair for first time in 98-year history . BBC News. 2 December 2021.
  13. News: Susan Arnold: After 98 years, Walt Disney gets first woman chair . Business Standard India. 3 December 2021. Palmeri. Christopher.
  14. News: December 1, 2021 . Susan Arnold Named Chairman of the Board of The Walt Disney Company, Effective December 31 . Walt Disney Company . December 13, 2021.
  15. Web site: Disney Appoints Mark Parker As Chairman of the Board, Replacing Susan Arnold. Jackie. Galley. www.wdwinfo.com. January 11, 2023. January 14, 2023.
  16. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO', The Advocate, March 10, 2009 Web site: Archived copy . 2009-03-11 . dead . https://web.archive.org/web/20090315031000/http://www.advocate.com/news_detail_ektid74819.asp . 2009-03-15 .
  17. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. It's a movement.', CNN, November 30, 2006 https://money.cnn.com/magazines/fortune/fortune_archive/2006/12/11/8395465/index.htm
  18. Web site: Mix . Pulse . 2022-08-01 . Dr Jeffrey Obomeghie and Dupe Olusola among the 100 most powerful people in global hospitality . 2022-08-03 . Pulse Nigeria . en.

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