The Walt Disney Company has announced that they have extended Chief Financial Officer and Senior Executive Vice President Christine McCarthy’s contract through June 30, 2024, according to Deadline‘s Jill Goldsmith.
McCarthy, who has worked for Disney for 22 years, has held the position of CFO since 2015. In her role, she supervises Disney’s global finance organization, which includes such responsibilities including corporate alliances and partnerships, corporate strategy and business development, investor relations, risk management, and global product and labor standards. McCarthy’s contract was previously set to expire December 31, 2022.
In a statement, Disney CEO Bob Chapek said, “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. Her expertise, judgment, and relationships are true assets to the Company, and I am grateful to have her as a valued partner.”
McCarthy added, “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. 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.”
You may remember last month when we reported that Disney Parks stated they may reduce food portion sizes in order to increase profits. McCarthy was quoted saying, “We can cut portion size, which is probably good for some people’s waistlines.” Read more about it here.
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“She has been instrumental to Disney’s growth and helped us navigate the most difficult days of the pandemic.” She was motivated by that 11 million kickback when DW was locked down. And don’t worry about my waistline.
This will be good for our waistlines.
Of course they did. Where in the “real world” will a CFO even have a job after making the comments she made, and was so flippant over how Disney is engineering pricing to maximize profits at the detriment of the Guest experience???
Both her and Chapek should be kicked to the curb. Time to #restoredisney from within!
Heartbroken 3rd Generation (that has also introduced my Children & Grandchildren) WDW frequent visitor & fan.
I feel like Walt is probably rolling in his grave, if he can see the current Disney Leadership completely destroying his dream. I have grown up with a love of all things Disney, and it breaks my heart to watch the current mismanagement destroy WDW & Walt’s dream.
I am just so thankful I delayed in purchasing a WDW DVC Membership, since prices for most everything at the resorts and parks has more than doubled, and the value & experience has decreased more than 66% – 75% to what it was just 5 years ago, when I began saving to purchase a DVC membership. I feel like my delay was Devine Intervention. I now feel I completely dodged a poor investment bullet. With sadness I am Working on finding & investing in the perfect vacation beach house, instead.
Peace out WDW until a change is made back to Walt’s vision of exceptional visitor experience, instead of what seems to be the current focus of only padding shareholder’s & Leadership’s pockets.
Maybe if we all walk away, they will figure it out, and make appropriate Leadership changes to return WDW to Walt’s core vision.