© Reuters. FILE PHOTO: Christine McCarthy, Senior Govt Vice President and Chief Monetary Officer, The Walt Disney Firm smiles as she speaks in the course of the Milken Institute’s twenty second annual International Convention in Beverly Hills, California, U.S., April 29, 2019. REUT
By Daybreak Chmielewski and Lisa Richwine
(Reuters) – Walt Disney (NYSE:) Co Chief Monetary Officer Christine McCarthy is stepping down from her place to take household medical go away and can assist seek for a long-term successor, the corporate mentioned on Thursday.
Kevin Lansberry, at present chief monetary officer for Disney’s parks, experiences and merchandise division, will function the corporate’s interim CFO beginning July 1.
McCarthy, a 23-year Disney veteran who turned CFO in 2015, will proceed to function a strategic adviser to make sure a profitable transition, Disney mentioned in a press release. A supply mentioned McCarthy’s husband has been in poor health.
“Though I’m leaving the CFO function, I stay up for serving to with the transition and can all the time be rooting for the success of my prolonged Disney household,” McCarthy mentioned in a press release.
McCarthy, 67, helped set the stage for CEO Bob Iger’s return to Disney final November, when she expressed her insecurity in his predecessor, Bob Chapek.
On Thursday, Iger referred to as McCarthy “probably the most admired monetary executives in America.”
“Christine has served as a key strategic anchor throughout a interval of nice transformation,” Iger added.
(This story has been corrected to repair McCarthy’s age to 67, not 65, in paragraph 5)
