Walt Disney’s current Chief Financial Officer, Christine McCarthy, will be stepping down from her position to take family medical leave. The company has announced that she will assist in the search for a long-term successor while Kevin Lansberry, the current CFO for Disney’s parks, experiences, and products division, will serve as the interim CFO starting July 1. McCarthy, who has been with Disney for 23 years and became CFO in 2015, will continue to support the company as a strategic adviser during the transition.
The reason for McCarthy’s leave is her husband’s illness. Despite leaving the CFO role, McCarthy remains dedicated to ensuring a successful transition and supporting her extended Disney family. In an interview with Smith College’s alumni publication, McCarthy discussed the challenges she faced in her career, including sexism and pay inequities, as well as balancing work and raising her two children. She is a breast cancer survivor who battled the disease in 2000 and again in 2015, shortly after becoming Disney’s CFO.
McCarthy’s departure did not come without praise. CEO Bob Iger referred to her as one of the most admired financial executives in America. McCarthy expressed her determination to overcome any obstacles she faces and has been instrumental in setting the stage for Iger’s return to Disney last year. She openly expressed her lack of confidence in Iger’s predecessor, Bob Chapek, to members of the board. Iger acknowledged McCarthy’s significant contribution to the company during a time of great transformation.
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