Meet the People Who Run Disney
The Walt Disney Company has spent the past few weeks secretly fighting a proxy battle against an activist investor, Nelson Peltz.
Throughout this confrontation, Disney has resisted the idea, hoping to keep its total number of Board members to 11. And this leads to a logical question.
![The Walt Disney Company](https://mickeyblog.com/wp-content/uploads/2023/01/2023-the-walt-disney-company-stock-image-1-300x148.png)
![The Walt Disney Company](https://mickeyblog.com/wp-content/uploads/2023/01/2023-the-walt-disney-company-stock-image-1-300x148.png)
Photo: The Walt Disney Company
Who are the people who run Disney, and how did they get there?
Susan Arnold
The average Disney fan or business analyst could name at most three members of Disney’s current of Board of Directors.
![Susan Arnold](https://mickeyblog.com/wp-content/uploads/2021/12/Susan_Arnold_hi-scaled-e1638397327372-300x250.jpeg)
![Susan Arnold](https://mickeyblog.com/wp-content/uploads/2021/12/Susan_Arnold_hi-scaled-e1638397327372-300x250.jpeg)
Image Credit: Disney
Arnold counts as one of the three for a pair of reasons. First, she has held a position on Disney’s Board for the longest time.
Arnold first joined in 2007, eight years before the second-longest tenured executive.
![Susan Arnold](https://mickeyblog.com/wp-content/uploads/2023/01/87H4-300x225.jpg)
![Susan Arnold](https://mickeyblog.com/wp-content/uploads/2023/01/87H4-300x225.jpg)
Photo: Forbes/ @ Proctor & Gamble
At the time, the executive worked as Vice Chairman of P&G Beauty & Health at The Procter & Gamble Company.
When Disney announced Arnold’s joining, it noted that her current job responsibilities had delivered sales of nearly $29 billion in fiscal 2006. She’s a corporate rainmaker.
![dollars](https://mickeyblog.com/wp-content/uploads/2022/07/gettyimages-157308559-612x612-1-300x200.jpg)
![dollars](https://mickeyblog.com/wp-content/uploads/2022/07/gettyimages-157308559-612x612-1-300x200.jpg)
Photo: Getty
Arnold proved adept as a Disney member, which led to her promotion to her current job. She currently holds the top position at Disney as Chairman of the Board.
Alas, Disney’s Board bylaws term-limit Board members to 15-year terms.
![Susan Arnold](https://mickeyblog.com/wp-content/uploads/2021/12/Susan-Arnold-High-Res-e1638397418418-300x188.jpeg)
![Susan Arnold](https://mickeyblog.com/wp-content/uploads/2021/12/Susan-Arnold-High-Res-e1638397418418-300x188.jpeg)
Image Credit: Health Quest Capital
So, Arnold will leave the company in March, reducing the number of Disney Board members to 11.
Mary Barra
Ms. Barra claims an outsized historical footprint in corporate America. In 2014, she became the first female CEO of a Big Three automaker.
![Mary Barra](https://mickeyblog.com/wp-content/uploads/2023/01/gettyimages-1155279636-612x612-1-300x200.jpg)
![Mary Barra](https://mickeyblog.com/wp-content/uploads/2023/01/gettyimages-1155279636-612x612-1-300x200.jpg)
(Photo by Drew Angerer/Getty Images)
Barra started her career as an 18-year-old co-op student at General Motors. She used her salary from that job to pay for her college education.
Then, Barra’s life came full circle when she earned the CEO position at General Motors. She’s also the Chairman of the Board there. She joined Disney’s Board in 2017.
![Mary Barra](https://mickeyblog.com/wp-content/uploads/2023/01/GettyImages-692961530-compressor-1280x720-1-300x169.jpg)
![Mary Barra](https://mickeyblog.com/wp-content/uploads/2023/01/GettyImages-692961530-compressor-1280x720-1-300x169.jpg)
Photo: Getty Images
Safra Catz
The Israeli-Romanian-American Catz is a familiar name in tech circles. She has held countless roles at Oracle since 1999.
In 2001, Catz joined Oracle’s Board of Directors. Then, she participated in an unusual Co-CEO arrangement with the late Mark Hurd in 2014.
![Safra Catz](https://mickeyblog.com/wp-content/uploads/2023/01/images-2-188x300.jpeg)
![Safra Catz](https://mickeyblog.com/wp-content/uploads/2023/01/images-2-188x300.jpeg)
Photo: The Walt Disney Company
Once Hurd fell ill in 2019, Catz took over as Oracle’s sole CEO, a position she holds to this day. She joined Disney’s Board in 2018.
Amy Chang
This entrepreneur’s career has included executive positions such as Executive Vice President and Executive Advisor at Cisco Systems, Inc.
![Amy Chang](https://mickeyblog.com/wp-content/uploads/2023/01/AmyChang_395x395-1-300x300.jpg)
![Amy Chang](https://mickeyblog.com/wp-content/uploads/2023/01/AmyChang_395x395-1-300x300.jpg)
Photo: The Walt Disney Company
However, Chang has also founded her own startup, Accompany, Inc., where she was previously the CEO. Cisco purchased Accompany for $270 million in 2018.
Chang currently sits on the Boards of Procter & Gamble and Marqeta, roles she once shared with Calvin McDonald, whom we’ll discuss in a bit.
![Amy Chang](https://mickeyblog.com/wp-content/uploads/2023/01/e9a4b92b-29e9-46b4-9228-87cfaac680cd_small-300x300.jpg)
![Amy Chang](https://mickeyblog.com/wp-content/uploads/2023/01/e9a4b92b-29e9-46b4-9228-87cfaac680cd_small-300x300.jpg)
Photo: The Org
At 45, Chang is the youngest member of Disney’s Board.
Francis deSouza
When Disney seeks new board members, it casts a wide net. That’s why you shouldn’t be surprised by the presence of Board member, Francis deSouza.
![Francis deSouza](https://mickeyblog.com/wp-content/uploads/2023/01/Francis-A-deSouza-scaled-1-300x272.jpg)
![Francis deSouza](https://mickeyblog.com/wp-content/uploads/2023/01/Francis-A-deSouza-scaled-1-300x272.jpg)
Photo: The Walt Disney Company
The current CEO of Illumina previously worked as the founder of IMlogic, a company that Symantec purchased.
Later, deSouza joined Illumina, a company attempting to sequence the human genome at an inexpensive price.
![Francis deSouza](https://mickeyblog.com/wp-content/uploads/2023/01/1180w-600h_disney-a-to-z_francis-desouza-300x153.jpg)
![Francis deSouza](https://mickeyblog.com/wp-content/uploads/2023/01/1180w-600h_disney-a-to-z_francis-desouza-300x153.jpg)
Photo: D23
deSouza got his start with Flash Communications, an instant messaging/buddy list tech company that Microsoft purchased in 1998.
So, this executive has been founding and/or selling companies for a quarter-century, even though he’s just now 52. deSouza joined Disney’s Board in 2018.
![Francis deSouza](https://mickeyblog.com/wp-content/uploads/2023/01/Francis_deSouza-200x300.jpg)
![Francis deSouza](https://mickeyblog.com/wp-content/uploads/2023/01/Francis_deSouza-200x300.jpg)
Photo: Wikipedia
Carolyn Everson
A ten-year veteran of Facebook/Meta, Everson became the most recent member to join Disney’s Board.
This hiring occurred late in 2022 when Daniel Loeb’s Third Point requested a position on Disney’s Board.
![Carolyn Everson](https://mickeyblog.com/wp-content/uploads/2022/10/106255753-1574253060684gettyimages-857986862-300x223.jpeg)
![Carolyn Everson](https://mickeyblog.com/wp-content/uploads/2022/10/106255753-1574253060684gettyimages-857986862-300x223.jpeg)
Photo: CNBC
The company agreed, and Everson claimed the job. She most recently worked as CEO at Instacart, a job she quit after just three months.
Michael Froman
As far as job titles go, Froman has claimed two impeccable ones. First, he was Deputy National Security Advisor for International Economic Affairs.
![Michael Froman](https://mickeyblog.com/wp-content/uploads/2023/01/Michael_Froman-396x395-1-300x300.jpg)
![Michael Froman](https://mickeyblog.com/wp-content/uploads/2023/01/Michael_Froman-396x395-1-300x300.jpg)
Photo: Walt Disney Company
Later, Froman served as the U.S. Trade Representative, one of the most prestigious American job duties possible.
Previously, Froman worked as President and Chief Executive Officer of CitiInsurance.
![Michael Froman](https://mickeyblog.com/wp-content/uploads/2023/01/27d9e530-d1c2-4a83-b298-6ccc90f332aa_small-300x300.jpg)
![Michael Froman](https://mickeyblog.com/wp-content/uploads/2023/01/27d9e530-d1c2-4a83-b298-6ccc90f332aa_small-300x300.jpg)
Photo: The Org
Since 2018, he has worked at Mastercard Inc as Vice Chairman and President for Strategic Growth.
Froman has served on Disney’s Board since 2018 as well.
![Michael Froman](https://mickeyblog.com/wp-content/uploads/2023/01/michael-froman-disney.jpg-300x182.webp)
![Michael Froman](https://mickeyblog.com/wp-content/uploads/2023/01/michael-froman-disney.jpg-300x182.webp)
Photo: Deadline.com
Bob Iger
Here is the one person I would have expected you to name from Disney’s Board. Of course, even that statement comes with an asterisk.
Bob Iger famously took over as Disney’s CEO in 2005, one of the most tumultuous periods in company history.
![Eisner](https://mickeyblog.com/wp-content/uploads/2019/12/Michael-Eisner-Disney-300x300.jpeg)
![Eisner](https://mickeyblog.com/wp-content/uploads/2019/12/Michael-Eisner-Disney-300x300.jpeg)
Photo Credit: Michael Eisner via Twitter @Michael_Eisner
At the time, then-CEO Michael Eisner was fighting Disney’s Board, which had voted to strip him of his title as Chairman of the Board.
Iger held a low profile for someone gaining such a storied job title. However, the executive more than lived up to his reputation.
![Iger](https://mickeyblog.com/wp-content/uploads/2022/11/gettyimages-1421728999-612x612-1-200x300.jpg)
![Iger](https://mickeyblog.com/wp-content/uploads/2022/11/gettyimages-1421728999-612x612-1-200x300.jpg)
(Photo by Randy Shropshire/Getty Images for Vox Media)
In fact, when Iger announced his retirement in 2020, many headlines proclaimed him the most successful CEO of the 21st century.
Sadly, the one thing Iger didn’t do well involved his succession plan. He named Bob Chapek as his CEO replacement, a move that proved disastrous.
![NEW YORK, NY - MARCH 20: Chairman and Chief Executive Officer of The Walt Disney Company Bob Iger attends the "Aladdin" On Broadway Opening Night at New Amsterdam Theatre on March 20, 2014 in New York City.](https://mickeyblog.com/wp-content/uploads/2022/11/gettyimages-1421747168-612x612-1-300x199.jpg)
![NEW YORK, NY - MARCH 20: Chairman and Chief Executive Officer of The Walt Disney Company Bob Iger attends the "Aladdin" On Broadway Opening Night at New Amsterdam Theatre on March 20, 2014 in New York City.](https://mickeyblog.com/wp-content/uploads/2022/11/gettyimages-1421747168-612x612-1-300x199.jpg)
(Photo by Jerod Harris/Getty Images for Vox Media)
In November 2022, Iger returned as CEO. He also rejoined the Board, a place where he had held the title of Executive Chairman as recently as New Year’s Eve, 2021.
Maria Lagomasino
Once Arnold retires, the longest-tenured member becomes Maria Lagomasino.
![Maria Lagomasino](https://mickeyblog.com/wp-content/uploads/2023/01/images-3-188x300.jpeg)
![Maria Lagomasino](https://mickeyblog.com/wp-content/uploads/2023/01/images-3-188x300.jpeg)
Photo: The Walt Disney Company
This executive has held titles of Vice-President or higher at companies going all the way back to 1983! That makes her a 40-year veteran of high-level corporate America.
At various points, Lagomasino has held CEO titles at JP Morgan Private Bank and Asset Management Advisors.
![Maria Lagomasino](https://mickeyblog.com/wp-content/uploads/2023/01/captura_de_pantalla_2015-09-25_a_las_12.03.58_pm-300x186.png)
![Maria Lagomasino](https://mickeyblog.com/wp-content/uploads/2023/01/captura_de_pantalla_2015-09-25_a_las_12.03.58_pm-300x186.png)
Photo: The Funds Society
Lagomasino has also held a spot on Coca-Cola’s Board since 2008. She joined Disney’s Board in 2015.
Calvin McDonald
One of the newest members of Disney’s Board is Calvin McDonald, who joined in 2021.
![Calvin McDonald](https://mickeyblog.com/wp-content/uploads/2023/01/1200x-1-300x189.jpg)
![Calvin McDonald](https://mickeyblog.com/wp-content/uploads/2023/01/1200x-1-300x189.jpg)
Photo: Bloomberg.com
The executive earned his reputation in 2018 when he became the CEO of Lululemon.
He previously sat on the Board of Procter & Gamble, where he worked with Chang and current Disney CFO, Christine McCarthy. Connections like this aren’t unusual in corporate America.
![Calvin McDonald](https://mickeyblog.com/wp-content/uploads/2023/01/Calvin_395x395B-1-300x300.jpg)
![Calvin McDonald](https://mickeyblog.com/wp-content/uploads/2023/01/Calvin_395x395B-1-300x300.jpg)
Photo: The Walt Disney Company
Mark Parker
Athletic shoe fans are intimately familiar with Mark Parker, an entrepreneur with a similar origin story to Iger.
Both individuals started at the bottom but eventually worked their way to the top of their companies. Parker’s Nike career began in 1979.
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2023/01/Mark-Parker-300x162.png)
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2023/01/Mark-Parker-300x162.png)
Photo: Disney
In 2006, Parker succeeded William Perez to become Nike’s CEO. Perez lasted only a year on the job due to friction with the company’s founder and first CEO, Phil Knight.
Parker proved exceptional at his job, earning Fortune’s prestigious Businessperson of the Year award in 2015.
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2023/01/Nike-Mark-Parker-300x200.jpg)
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2023/01/Nike-Mark-Parker-300x200.jpg)
Mike Pont//Getty Images
The following year, voters elected Parker to Disney’s Board, a position he has held ever since.
Late in 2022, reports revealed that Parker had almost accepted the role of temporary CEO at Disney while the company decided how to replace Bob Chapek.
![Chapek](https://mickeyblog.com/wp-content/uploads/2021/08/bob-chapek-cnbc-300x169.jpeg)
![Chapek](https://mickeyblog.com/wp-content/uploads/2021/08/bob-chapek-cnbc-300x169.jpeg)
Source: CNBC.com
Then, in early 2023, Disney selected Parker as Susan Arnold’s replacement as Chairman of the Board.
Presuming that Parker wins this vote in March – and it’s really a formality – he’ll become Disney’s 11th Chairman of the Board.
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2023/01/Mark-Parker-300x212.jpg)
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2023/01/Mark-Parker-300x212.jpg)
CREDIT: REX SHUTTERSTOCK
Notably, Parker would also be Disney’s sixth Chairman since 2004. That fact speaks to Disney’s 21st-century chaos.
After Arnold retires, Parker will become the second-longest tenured member of Disney’s Board. Theoretically, a 15-year term limit wouldn’t affect him until 2031.
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2022/05/Mark-Parker-300x200.jpg)
![Mark Parker](https://mickeyblog.com/wp-content/uploads/2022/05/Mark-Parker-300x200.jpg)
Jewel Samad/Agence France-Presse, via Afp Via Getty Images
Derica Rice
This executive has worked in the healthcare industry as Executive Vice President of CVS Health and President of CVS Caremark.
Rice previously worked for Eli Lilly and Company as CFO from 2006-2017. He joined Disney’s Board in 2019.
![Derica Rice](https://mickeyblog.com/wp-content/uploads/2023/01/11_DericaRice_396x395-300x300.jpg)
![Derica Rice](https://mickeyblog.com/wp-content/uploads/2023/01/11_DericaRice_396x395-300x300.jpg)
Photo: The Walt Disney Company
Thanks for visiting MickeyBlog.com! Want to go to Disney? For a FREE quote on your next Disney vacation, please fill out the form below and one of the agents from MickeyTravels, a Diamond level Authorized Disney Vacation Planner, will be in touch soon!
Feature Photo: Chip Somodevilla/Getty Images