The Walt Disney Company (NYSE:DIS) has announced that its senior executive vice president and chief financial officer CFO Christine McCarthy will be stepping down from her role and taking a family medical leave of absence.
The company said in a statement that McCarthy will continue with the company as a strategic advisor during her leave and will assist with the process of identifying and onboarding a long-term successor.
Disney veteran Kevin Lansberry, who is executive vice president and CFO of Disney Parks, Experiences and Products, takes over as interim CFO, effective July 1, it added.
“Christine McCarthy is one of the most admired financial executives in America, and her impact on The Walt Disney Company (NYSE:DIS) during 23 years of dedicated service cannot be overstated,” CEO Bob Iger said.
“Kevin has been with the company for more than three decades and is a trusted lieutenant to Christine. Having expertly served as CFO at our largest business segment since 2017, he has my complete confidence, and I look forward to working with him during this transition.”
McCarthy joined Disney in 2000 as treasurer and became CFO in 2015. Before joining Disney, she was the executive vice president and CFO of Imperial Bancorp from 1997 to 2000. She also held various executive positions in finance and planning at First Interstate Bancorp from 1981 to 1996.
“Among her many contributions to the company, one of the things I admire most about Christine is the generous mentorship she has provided to so many of her colleagues over the years, including countless women,” Iger said. “She has opened doors, created opportunities, and served as a role model for women at every level of business – not just at Disney, but around the world.”
Contact the author at stephen.gunnion@proactiveinvestors.com