Shocking Turn Of Events At Disney, Top Finance Executive Announces Abrupt Departure

Written By BlabberBuzz | Sunday, 18 June 2023 04:30 PM
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Shocking Turn Of Events At Disney, Top Finance Executive Announces Abrupt Departure

The Walt Disney Company has announced that Christine McCarthy, Senior Executive Vice President, and Chief Financial Officer, will be stepping down from her role and taking a medical leave of absence.

McCarthy has been a critical figure in the company for 23 years, and her departure will be a significant loss.

According to a source familiar with the matter, McCarthy has disagreed with CEO Bob Iger and other top executives over the company's strategy, including its content spending and a restructuring plan to streamline the entertainment giant. Despite this, McCarthy has expressed her continued support for the company and her colleagues.

In a statement, Iger praised McCarthy as "one of the most admired financial executives in America" and acknowledged her significant contributions to the company. He also announced that Kevin Lansberry, Executive Vice President and Chief Financial Officer of Disney Parks, Experiences, and Products, will take over as Interim CFO from July 1.

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McCarthy's departure comes at a time of significant change for Disney as the company navigates the impact of the COVID-19 pandemic on its operations and finances. The appointment of Lansberry as Interim CFO will provide stability and continuity during this challenging period.

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