Sina Technology News Beijing time on the evening of January 12th, according to reports, Disney (Walt Disney) announced today that Susan Arnold, chairman of the company, will step down after the annual general meeting of shareholders, and the post of chairman will be replaced by another director of the company, Nike Executive Chairman Mark Parker succeeded him.
Disney emphasized that Arnold’s departure was due to reaching his term cap. Arnold has served as a Disney director since 2007 and will become chairman at the end of 2021. According to Disney’s board term policy, directors can only serve a maximum of 15 years. Disney said Arnold is highly respected on the company’s board.
Meanwhile, Disney also said today that activist investor Nelson Peltz has launched a proxy fight for a seat on Disney’s board. In this regard, Disney has clearly expressed its opposition.
Disney executives and the board have approached Peltz multiple times over the past few months, but Disney does not support Peltz on the board. As a result, Disney is advising shareholders not to support Peltz at the AGM.
However, some analysts said that the radical Peltz will definitely not let it go, and he is likely to forcibly enter the Disney board of directors. Peltz plans to apply directly to investors for board seats, a person familiar with the matter said.
Editor in charge: Liu Mingliang
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