3 reasons why Nike's ex-CEO is what Disney needs right now
as it opposes activist investor Nelson Peltz's attempt to join the Disney board.
The moves set up a boardroom struggle that will play out over the next several months. While Disney hasn't announced a date for this year's annual meeting, which will mark the start of Parker's new role, last year's meeting took place on March 9. Here's why Parker, a Nike lifer, could help Disney work through its problems and why some watchers question the decision to tap him for the most important chair in the boardroom.After the short, rocky tenure of Bob Chapek as Disney CEO, the company needs steady hands as it searches for its next long-term CEO in the wake ofParker has been a stable force at Nike and Disney. He joined Nike in 1979. He became CEO in 2006 and served in the role until 2020.
"During his four decades at Nike, Mark has led one of the world's most recognized consumer brands through various market evolutions and a successful CEO transition, and he is uniquely positioned to chair the Disney board during this period of transformation," said outgoing Disney Chair Susan Arnold, in a
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