Disney CFO Christine McCarthy has announced that she will be stepping down and taking a family medical leave of absence from her role beginning July 1, 2023. An updated SEC document says that McCarthy’s last day with the Company will be June 30, 2024.
Ms. McCarthy will cease to serve as Senior Executive Vice President and Chief Financial Officer during her leave of absence and will have the title “Strategic Advisor” during the leave; and Ms. McCarthy’s duties as Strategic Advisor will be to assist the Company with the identification of, and transition of duties to, a new Chief Financial Officer. The terms of Ms. McCarthy’s compensation are unchanged.
“Christine McCarthy is one of the most admired financial executives in America, and her impact on The Walt Disney Company during 23 years of dedicated service cannot be overstated,” Disney CEO Bob Iger said. “Christine has served as a key strategic anchor during a period of great transformation, and she and I have discussed her desire to ensure an orderly and successful CFO succession in advance of the company’s transition to its next chief executive officer. She is stepping down from her CFO role as she takes family medical leave, but has graciously offered to move into an advisory position to assist her successor in assuming the duties she has so expertly handled these many years.”
“I am immensely grateful for the opportunity Bob provided me to serve as CFO of this iconic company and am proud of the work my talented team has done to position Disney to capitalize on the business possibilities that lie ahead,” McCarthy said. “Although I am leaving the CFO role, I look forward to helping with the transition and will always be rooting for the success of my extended Disney family, who have shown time and again that determination, teamwork and the pursuit of excellence are an unstoppable combination.”
As of June 15, 2023, the Company appointed Kevin A. Lansberry, age 59, to serve as the Company’s Interim Chief Financial Officer and principal financial officer, effective July 1, 2023. Mr. Lansberry will be employed as the Interim Chief Financial Officer on an “at will” basis.
Since March 2018, Mr. Lansberry has served as Executive Vice President and Chief Financial Officer of the Company’s Parks, Experience and Products businesses. Prior to that, Mr. Lansberry was Executive Vice President and Chief Financial Officer, Walt Disney Parks and Resorts from May 2017. Mr. Lansberry served as Senior Vice President, Revenue Management and Analytics for the parks and resorts segment, then Senior Vice President and Chief Financial Officer, Domestic Business in 2013, adding the international businesses in 2015. In his over 35 years with the Company’s subsidiaries, Mr. Lansberry has held a wide range of roles, including in Finance, Business Development, Alliances and Operations.
Prior to becoming CFO of The Walt Disney Company in 2015, Ms. McCarthy served as Executive Vice President, Corporate Real Estate, Alliances and Treasurer, The Walt Disney Company. In that role, she was responsible for the enterprise-wide management of a variety of functions, including corporate finance, capital markets, financial risk management, international treasury, insurance, pension and investments, global cash management and treasury operations, and credit and collections. She also oversaw corporate alliances and the company’s global real estate organization, including development, portfolio management and facilities management.
Prior to joining Disney in 2000, Ms. McCarthy was the Executive Vice President and Chief Financial Officer of Imperial Bancorp from 1997 to 2000. She held various finance and planning positions at First Interstate Bancorp from 1981 to 1996, and was elected Executive Vice President, Finance at First Interstate Bancorp in 1993.
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