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Christine Mccarthy

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business2 years ago

"New CFO to Determine Disney's Future Succession Plan"

The CFO role at Disney has long been intertwined with rumors of succession, and the unexpected departure of current CFO Christine McCarthy due to family medical leave has thrown a wrench in Disney's succession drama. Kevin Lansberry has been named interim CFO while Disney searches for a permanent replacement, with internal candidates including Brent Woodford, Carlos Gómez, and Alexia Quadrani. The CFO job at Disney is no mere spreadsheet job, and Iger has long leaned on his CFO to join him in explaining the state of the company to investors. The unexpected CFO search is yet another wrinkle for Disney and Iger to navigate, as they also face a CEO transition within another 1-2 years and operational challenges with ESPN and DTC. The board of directors remains actively engaged in discussions about Iger's possible successor, but given this unexpected change, there is speculation that the board might ask Iger to remain CEO for an additional year.

via Hollywood Reporter|
#bob-iger#business#cfo
business2 years ago

Disney CFO Christine McCarthy Resigns, Andy Hopkins Named Interim CFO.

With Christine McCarthy stepping down as CFO of The Walt Disney Company, Kevin Lansberry will take over as interim CFO, while Andy Hopkins will become interim CFO for Disney Parks, Experiences and Products. McCarthy will stay on as a Strategic Advisor and take a family medical leave of absence. McCarthy has been with Disney since 2000 and was appointed to the CFO position in 2015. It is speculated that the Disney Board of Directors will extend Bob Iger's contract to avoid searching for both a new CFO and CEO at the same time.

via WDW News Today|
#business#cfo#christine-mccarthy
business2 years ago

Tension at Disney: CFO Departs Amid Spending Dispute

Disney CEO Bob Iger and CFO Christine McCarthy reportedly clashed over spending on content and restructuring, leading to McCarthy stepping down and taking a medical leave of absence. McCarthy wanted Disney Entertainment to be further consolidated to improve profit margins, which put her at odds with various executives, including Iger. McCarthy has been with Disney since 2000 and was appointed CFO in 2015. Her sudden departure and the search for a new CFO could mean the Board of Directors will extend Iger’s contract to avoid searching for a new CEO, too.

via WDW News Today|
#bob-iger#business#cfo
business2 years ago

Disney CFO's Abrupt Exit Adds Plot Twist to Bob Iger's Return as CEO.

Christine McCarthy, the CFO of Walt Disney Co., has stepped down to take family medical leave, leaving longtime company veteran Kevin Lansberry as interim CFO. McCarthy's departure was reportedly due to differences of opinion with some colleagues over the scope of Disney's recent restructuring. Her exit is a complication for CEO Bob Iger, who is under contract only until the end of 2024 and must now select a key collaborator in the CFO role.

via Deadline|
#bob-iger#business#cfo
business2 years ago

Disney's CFO Christine McCarthy resigns.

Disney's CFO, Christine McCarthy, is stepping down from her role and taking a family medical leave of absence. Kevin Lansberry, the company's CFO of Parks, Experiences and Products, will step in as interim CFO, effective July 1. McCarthy, who has served as CFO for more than 8 years, will serve as a strategic adviser while on leave and assist with selecting a long-term successor, the company said.

via CNN|
#bob-iger#business#cfo
business2 years ago

Disney CFO Christine McCarthy to Depart Company

Walt Disney Co. CFO Christine McCarthy is stepping down from her role to take a family medical leave of absence, with veteran Disney executive Kevin Lansberry serving as Interim CFO. The company will begin an “internal and external” search for a permanent CFO, with McCarthy agreeing to serve as a “strategic advisor” during her leave, helping to onboard whomever her successor is. McCarthy joined the company in 2000 as its treasurer, being named to the CFO role in 2015.

via Hollywood Reporter|
#business#cfo#christine-mccarthy
business2 years ago

Disney CFO Christine McCarthy to Depart, Kevin Lansberry Named Interim Replacement.

Christine McCarthy, executive VP and CFO of Walt Disney Co., is stepping down from her role and will take a family medical leave. Kevin Lansberry has been named interim CFO as of July 1. McCarthy joined Disney as treasurer in 2000 and was upped to CFO in 2015. She played a big role in the shakeup last November that ended Bob Chapek’s two-year tenure as CEO and brought Iger back to the chief executive slot. Lansberry is currently executive VP and CFO of Disney’s Parks, Experiences and Products unit.

via Variety|
#bob-iger#business#cfo
business2 years ago

Disney CFO Christine McCarthy to Depart Company

Christine McCarthy, Disney's CFO, will step down from her role and take a family medical leave of absence, but will continue as a strategic advisor to the company and help find a long-term successor. Kevin Lansberry, the finance chief for Disney's parks business, will serve as interim CFO effective July 1. McCarthy departs as Disney undergoes a broad restructuring during Bob Iger's second tenure as CEO and has targeted 7,000 job cuts during several rounds of layoffs this year.

via CNBC|
#business#cfo#christine-mccarthy
business2 years ago

Disney Executives, Including Former CEO, Named in Shareholder Lawsuit Over Disney+

Former CEO Bob Chapek, current CFO Christine McCarthy, and former Entertainment Chief Kareem Daniel are named in a lawsuit accusing them of misleading investors about the success of Disney+ by concealing the true costs of the platform and inflating its growth trajectory. The lawsuit is a securities class action seeking damages and injunctive relief on securities fraud claims. The restructuring of the Walt Disney Company in October 2020 is claimed to have been designed to hide the extent of Disney+ losses and make the growth trajectory of Disney+ subscribers appear sustainable and achievable.

via WDW News Today|
#bob-chapek#business#christine-mccarthy