Disney’s Directors Elected; Iger Shares Vision for Company

Published on 4/3/24 by Craig Smith

Disney/ABC Television Group. (DISNEY/ABC/ Heidi Gutman)

In a significant move reflecting confidence and strategic planning within the entertainment giant, The Walt Disney Company announced the election of its full slate of 12 directors at its 2024 Annual Meeting of Shareholders, following a decisive vote that favored the company’s nominees over those of Trian and Blackwells. This brings an end to an intense campaign waged by all sides over the past couple of months.

This election underscores the shareholders’ trust in Disney’s leadership and vision, particularly during a period marked by substantial shifts within the broader entertainment industry. The elected board, comprising Mary T. Barra, Safra A. Catz, Amy L. Chang, D. Jeremy Darroch, Carolyn N. Everson, Michael B.G. Froman, James P. Gorman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker, and Derica W. Rice, is recognized for its deep commitment and extensive expertise across various aspects of the business, including crucial succession planning.

Following the election, Disney CEO Bob Iger addressed the shareholders, expressing gratitude for their trust and outlining the company’s forward-looking strategy aimed at growth and value creation. Iger’s remarks highlighted the end of a distracting proxy contest, allowing the company to concentrate fully on its key priorities. He detailed Disney’s strategic transformation over the past year, emphasizing a robust foundation for future growth, marked by significant achievements in streaming profitability, creative reinvigoration at Disney’s film studios, the evolution of ESPN into a leading digital sports platform, and accelerated growth in the Experiences business, including theme parks and the Disney Cruise Line.

Iger’s vision for Disney’s future involves leveraging the company’s vast library of content, enhancing its direct-to-consumer streaming services, and expanding its reach in the sports entertainment sector. Furthermore, Iger shared exciting updates on upcoming theatrical releases and Disney+ offerings, including sequels to beloved franchises and innovative collaborations designed to connect with younger audiences through video gaming experiences.

Beyond entertainment and business growth, Iger reiterated Disney’s commitment to making a positive impact on communities worldwide, highlighting initiatives like Disney Aspire and partnerships with organizations like Make-A-Wish. Concluding his remarks, Iger celebrated the privilege of leading Disney during such a transformative period, embracing the high expectations set by audiences and stakeholders alike as a motivator for continuous innovation and excellence.

Read more about Iger’s vision for the company here.