Christine McCarthy Steps Down as Disney’s CFO, Kevin Lansberry Named Interim CFO • The Toy E-book

Christine McCarthy is stepping down from her position as Senior Govt Vice President and Chief Monetary Officer at The Walt Disney Co. and taking a household medical go away of absence. Disney veteran Kevin Lansberry, Govt Vice President and Chief Monetary Officer of Disney Parks, Experiences and Merchandise, will function the corporate’s Interim CFO, efficient July 1. McCarthy will proceed as a strategic advisor to the corporate throughout her go away and can help with the method of figuring out and onboarding a long-term successor to make sure a clean and profitable transition.

Lansberry will function Interim CFO whereas the corporate searches for a everlasting alternative. In his new position, Lansberry will assume oversight of the corporate’s worldwide finance group, which incorporates company alliances and partnerships, company actual property, company technique and enterprise improvement, enterprise controllership, enterprise know-how, monetary planning and evaluation, world product and labor requirements, world safety, investor relations, danger administration, tax, and treasury. Throughout his tenure at Disney Parks, Lansberry has held a wide range of management roles in finance, enterprise improvement, alliances, and operations. He assumed the place of Govt Vice President and Chief Monetary Officer, Walt Disney Parks and Resorts, in 2017, which was expanded in 2018 to additionally embody Client Merchandise.

“Kevin has been with the corporate for greater than three many years and is a trusted lieutenant to Christine,” says Bob Iger, Chief Govt Officer, The Walt Disney Co. “Having expertly served as CFO at our largest enterprise section since 2017, he has my full confidence, and I stay up for working with him throughout this transition.”

McCarthy joined Disney in 2000 as Treasurer and have become Chief Monetary Officer in 2015. Previous to becoming a member of Disney, she was the Govt Vice President and Chief Monetary Officer of Imperial Bancorp from 1997 to 2000. She additionally held numerous govt positions in finance and planning at First Interstate Bancorp from 1981 to 1996. 

“I’m immensely grateful for the chance Bob offered me to function CFO of this iconic firm and am pleased with the work my gifted crew has executed to place Disney to capitalize on the enterprise prospects that lie forward,” McCarthy says. “Though I’m leaving the CFO position, I stay up for serving to with the transition and can at all times be rooting for the success of my prolonged Disney household, who’ve proven repeatedly that willpower, teamwork, and the pursuit of excellence are an unstoppable mixture.”

Iger provides, “Christine McCarthy is likely one of the most admired monetary executives in America, and her influence on The Walt Disney Co. throughout 23 years of devoted service can’t be overstated. Christine has served as a key strategic anchor throughout a interval of nice transformation, and she or he and I’ve mentioned her want to make sure an orderly and profitable CFO succession upfront of the corporate’s transition to its subsequent chief govt officer. Amongst her many contributions to the corporate, one of many issues I like most about Christine is the beneficiant mentorship she has offered to so lots of her colleagues through the years, together with numerous ladies. She has opened doorways, created alternatives, and served as a job mannequin for ladies at each stage of enterprise — not simply at Disney, however around the globe.”