Disney CFO Christine M. McCarthy Extends Contract Through 2024

Disney CFO Christine M. McCarthy Extends Contract Through 2024

12/21/2021

The Walt Disney Company has extended Christine M. McCarthy’s term as senior executive vice president and chief financial officer through June 2024.

Disney CEO Bob Chapek announced news of McCarthy’s contract extension on Tuesday, stating, “Christine’s leadership has been indispensable during this time of disruption and transformation, and her impact reaches well beyond our balance sheet.”

“She has been instrumental to Disney’s growth and helped us navigate the most difficult days of the pandemic,” Chapek’s statement continued. “Her expertise, judgment and relationships are true assets to the Company, and I am grateful to have her as a valued partner.”

The 22-year veteran of the Walt Disney Company, has served as the entertainment giant’s CFO since 2015, with her previous contract set to expire at the end of 2022.

“It is an incredible privilege to serve as CFO of this great company, and I am thankful for the opportunity to continue working with Bob Chapek and the entire senior management team as we advance the Company’s strategic initiatives with an eye toward delivering shareholder value,” she added. “I am proud of Disney’s world-class financial organization and all it has achieved, and look forward to building on the team’s success in the years ahead.”

McCarthy first joined Disney in 2000, and prior to becoming CFO in 2015, she was EVP, corporate real estate, alliances and treasurer. In her current role as CFO, McCarthy oversees Disney’s worldwide finance organization. Under her purview is the company’s brand and franchise management; corporate alliances and partnerships; corporate real estate; corporate strategy and business development; enterprise controllership; enterprise technology; financial planning and analysis; global product and labor standards; investor relations; risk management; tax; and treasury.

Outside of the Walt Disney Company, McCarthy currently serves on the Board of Directors of The Procter & Gamble Company and FM Global, and is a Trustee of Carnegie Institution for Science.

Source: Read Full Article