Christine McCarthy | |
---|---|
Born | United States |
Nationality | American |
Occupation | Business |
The Walt Disney Company | |
CFO | |
In office June 30, 2015 –June 30, 2023 | |
Preceded by | Jay Rasulo |
Succeeded by | Kevin Lansberry |
Imperial Bancorp | |
CFO and executive vice president | |
In office 1981–1996 | |
Christine McCarthy is an American businesswoman and the former chief financial officer (CFO) of The Walt Disney Company. [1]
McCarthy graduated from Smith College with a bachelor's degree in biology. [2] She also earned an MBA in marketing and management from the Anderson School of Management at UCLA. [2]
Before joining Disney,McCarthy worked in the banking industry. From 1981 to 1996,McCarthy worked at First Interstate Bancorp in several finance and planning positions. She served as CFO and an executive vice president for Imperial Bancorp from 1997 to 2000. [2]
In 2000,she became treasurer of Disney. [3] On June 30,2015,McCarthy was appointed as the CFO of The Walt Disney Company replacing Jay Rasulo [2] under a four-year contract with a base salary of $1.25 million with a potential 200% performance based bonuses and 250% long term incentive award. [3]
On December 21,2021,Disney announced they had renewed McCarthy's contract as CFO through 2024. [4] On June 15,2023,Disney announced that McCarthy will be "stepping down from her CFO role" due to family concerns and named Kevin Lansberry as her interim replacement. McCarthy will stay on as a Strategic Advisor after stepping down as CFO on June 30." [5]
In 2021,she faced controversy when she suggested cutting food portion sizes at Disney's theme parks would benefit overweight Disney guests. [6]
In 2022,the Disney board unexpectedly dismissed CEO Bob Chapek,replacing him with his predecessor Bob Iger on an interim basis. The Wall Street Journal reported that McCarthy played a key role in the dismissal by raising concerns with the board. [7] News reports later identified her as a likely successor to Iger,though she later stepped down from the company. [8]
McCarthy is a trustee for the Westridge School (Pasadena). [9] She is also a mentor for the National Math and Science Initiative. [9]
In 2015,McCarthy received the Woman of the Year Award from Treasury Today. [9]
The Walt Disney Company,commonly known as Disney,is an American multinational mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank,California. Disney was founded on October 16,1923,by brothers Walt Disney and Roy Disney as Disney Brothers Studio;it also operated under the names Walt Disney Studio and Walt Disney Productions before changing its name to The Walt Disney Company in 1986. Early in its existence,the company established itself as a leader in the animation industry,with the creation of the widely popular character Mickey Mouse,who first appeared in Steamboat Willie,which used synchronized sound,to become the first post-produced sound cartoon. The character would go on to become the company's mascot and corporate icon.
Miramax LLC,also known as Miramax Films,is an American film and television production and distribution company founded on December 19,1979,by Bob and Harvey Weinstein,and based in Los Angeles,California.
Lucasfilm Ltd. LLC is an American film and television production company founded by filmmaker George Lucas in 1971 in San Rafael,California,though most of the company's operations were moved to San Francisco in 2005. It has been a subsidiary of Walt Disney Studios since 2012 and is best known for creating and producing the Star Wars and Indiana Jones franchises,as well as its leadership in developing special effects,sound,and computer animation for films.
Michael Dammann Eisner is an American businessman and former chairman and chief executive officer (CEO) of The Walt Disney Company from September 1984 to September 2005. Prior to Disney,Eisner was president of rival film studio Paramount Pictures from 1976 to 1984,and had brief stints at the major television networks NBC,CBS,and ABC.
Roy Edward Disney KCSG was an American businessman. He was the longtime senior executive for the Walt Disney Company,which was founded by his uncle,Walt Disney,and his father,Roy O. Disney. At the time of his death,he held more than 16 million shares,and served as a consultant for the company,as director emeritus for the board of directors. During his tenure,he organized the ousting of two top Disney executives:Ron W. Miller in 1984 and Michael Eisner in 2005.
Disney Cruise Line is a cruise line operation that is a subsidiary of The Walt Disney Company. The company was incorporated in 1996 as Magical Cruise Company Limited,through its first vessel Disney Magic, and is domiciled in London,England,with their operational headquarters located in Celebration,Florida.
The Walt Disney Studios is a major division of the Disney Entertainment business segment of The Walt Disney Company best known for housing its multifaceted film studio divisions. Founded on October 16,1923 and based mainly at the namesake studio lot in Burbank,California,it is the seventh-oldest global film studio and the fifth-oldest in the United States,a member of the Motion Picture Association (MPA) and one of the "Big Five" major film studios.
Disney Parks,Experiences and Products,Inc.,formerly Walt Disney Parks and Resorts Worldwide,Inc. and informally known as Disney Parks,is one of The Walt Disney Company's three major business segments and a division of that company. It was founded on April 1,1971,exactly six months before the opening of Magic Kingdom at Walt Disney World Resort in Bay Lake,Florida,just outside of Orlando.
Robert Allen Iger is an American media business executive who serves as chief executive officer (CEO) of The Walt Disney Company. He previously served as the president of ABC between 1994 and 1995 and the president and chief operating officer (COO) of Capital Cities/ABC,from 1995 until its acquisition by Disney in 1996. Iger was named president of Disney in 2000 and succeeded Michael Eisner as CEO in 2005,until his contract expired in 2020. He then served as executive chairman until his retirement from the company on December 31,2021. At the request of Disney's board of directors,Iger returned to Disney as CEO on November 20,2022,following the unscheduled and immediate dismissal of his appointed successor,Bob Chapek.
James A. "Jay" Rasulo was the Senior Executive VP and CFO of The Walt Disney Company. On June 30,2015,Christine McCarthy was announced as his successor. Prior to being appointed CFO,he was chairman of Walt Disney Parks and Resorts from October 2005 until December 2009 when he switched positions with Thomas O. Staggs. He was made the president of the theme park division in September 2002,replacing Paul Pressler.
Thomas Owen Staggs is an American business executive and investor. He is currently one of the co-founders and co-CEOs of Candle Media. He formerly worked at The Walt Disney Company for nearly 27 years,beginning in 1990,working in finance and later becoming the chief financial officer (CFO),then as chairman of Walt Disney Parks and Resorts Worldwide and finally as chief operating officer (COO). He also holds directorships on various company boards,including Spotify.
Susan E. Arnold is an American business executive who formerly served as the chairman of The Walt Disney Company.
Disney Media and Entertainment Distribution (DMED),formerly Walt Disney Direct-to-Consumer &International (DTCI),was one of The Walt Disney Company's five major business segments consisting of Disney's streaming services and overseas media businesses,formed in March 2018. As part of the segment's formation,Disney Streaming Services was placed under Direct-to-Consumer &International.
Abigail Edna Disney is an American documentary film producer,philanthropist,and social activist. She produced the 2008 documentary Pray the Devil Back to Hell. Disney and Kathleen Hughes are producers and directors of Outstanding Social Issue Documentary Emmy Award winning The Armor of Light (2015) and The American Dream and Other Fairy Tales.
Robert Alan Chapek is a former American media executive who was the chief executive officer (CEO) of The Walt Disney Company from 2020 to 2022.
Josh D'Amaro is an American businessman,who is Chairman of Disney Parks,Experiences and Products. Before becoming Chairman,D'Amaro has had a 22-year career with The Walt Disney Company,particularly in his positions across the resorts sector of the company.
Kareem Daniel is an American businessman and former media executive at The Walt Disney Company. During his tenure at Disney,he held executive roles in charge of film and television,sports,streaming,theme parks,and consumer products. Prior to Disney,Daniel worked in equity research and investment banking at Goldman Sachs,having begun his career as an electrical engineer. He is also on the board of directors for McDonald's.
Phase Six of the Marvel Cinematic Universe (MCU) is a group of American superhero films produced by Marvel Studios based on characters that appear in publications by Marvel Comics. Phase Six features all of the Marvel Studios productions set to be released starting from mid-2025 to mid-2027,with Walt Disney Studios Motion Pictures distributing the films. The first film in the phase will be Fantastic Four,scheduled for release in May 2025. Kevin Feige produces every film in this phase.
Disney Entertainment is a major business segment of The Walt Disney Company created on February 8,2023,which consists of its entertainment media and content businesses,including its motion picture film studios,television divisions,streaming services and overseas businesses. Disney Media and Entertainment Distribution (DMED) was dissolved and had its divisions and units consolidated into Disney Entertainment upon formation of the latter.
Since the 2000s,there has been persistent and periodic speculation of a potential acquisition of the Walt Disney Company,an American media conglomerate,by Apple Inc.,an American technology company. Despite there being no evidence of such plans,the notion has been routinely suggested by analysts and pundits and repeatedly dismissed by both companies.