Christine McCarthy is an American businesswoman and the former chief financial officer (CFO) of The Walt Disney Company.[1]
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 | |
Education
editMcCarthy 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]
Career
editBefore 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]
Controversies
editIn 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]
Philanthropy
editMcCarthy is a trustee for the Westridge School (Pasadena).[9] She is also a mentor for the National Math and Science Initiative.[9]
Awards
editIn 2015, McCarthy received the Woman of the Year Award from Treasury Today.[9]
References
edit- ^ Tharakan, Anya George. "Disney names treasurer Christine McCarthy as CFO". Reuters. Retrieved 1 July 2015.
- ^ a b c d Palmeri, Chris (30 June 2015). "Disney Promotes Christine McCarthy as First Female CFO". Bloomberg. Retrieved 1 July 2015.
- ^ a b Lieberman, David (30 June 2015). "Disney Taps Christine McCarthy To Be CFO, And Kevin Mayer As Chief Strategy Officer". Deadline Hollywood. Retrieved 2 July 2015.
- ^ Weprin, Alex (21 December 2021). "Disney CFO Christine McCarthy Extends Contract Into 2024". The Hollywood Reporter. Retrieved 21 December 2021.
- ^ "BREAKING: Christine McCarthy Stepping Down as Disney CFO - WDW News Today". wdwnt.com. 2023-06-15. Retrieved 2023-06-15.
- ^ SFGATE, Katie Dowd (2021-11-11). "Disneyland fans angered by exec's 'fat shaming' comment". SFGATE. Retrieved 2021-11-13.
- ^ Whelan, Robbie; Glazer, Emily; Flint, Joe; Toonkel, Jessica (November 21, 2022). "Walt Disney CFO, Others Brought Concerns to Board Over Bob Chapek". The Wall Street Journal. Retrieved July 14, 2023.
- ^ Goldsmith, Jill; Patten, Dominic (December 6, 2022). "Disney's Christine McCarthy Emerges As Top CEO Contender To Succeed Bob Iger; CFO Was King Killer Who Took Down Bob Chapek". Deadline. Retrieved July 14, 2023.
- ^ a b c Rainey, James (30 June 2015). "Christine McCarthy Named New Disney Chief Financial Officer". Variety. Retrieved 2 July 2015.
External links
edit- Profile page Archived 2015-09-14 at the Wayback Machine at The Walt Disney Company