Disney Proxy Fight: Board Shakes Up As Activist Investor Claims “Self-Inflicted” Woes Plague Company

In a presentation, the investment firm Trian Partners described many of Disney’s challenges as “self-inflicted” and advocated for the entertainment giant to restore its dividend by fiscal year 2025

The Walt Disney Co. is shaking up its board of directors, tapping Nike executive chairman Mark Parker to be chairman, effective as of its next annual meeting.since Bob Iger retired from the company at the end of 2021 , will step down from the board at that time. The company says her departure is consistent with Disney’s 15-year board term limit.

“Mark Parker’s vision, incredible depth of experience and wise counsel have been invaluable to Disney, and I look forward to continuing working with him in his new role, along with our other directors, as we chart the future course for this amazing company,” said Bob Iger, Disney’s CEO, in a statement.

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