The Walt Disney Company has officially named their new Chief Financial Officer. Christine M. McCarthy was announced in her new position on Tuesday by Disney CEO, Bob Iger. In addition, Kevin Mayer was named Chief Strategy Officer.
As noted last month, the previous CFO, Jay Rasulo, has stepped down.
According to Variety, Iger stated, “Christine has done an incredible job as Disney’s treasurer over the past 15 years, and her strong leadership and keen financial acumen make her an ideal chief financial officer. She is highly respected in the finance sector, and in this new role she will have even more impact on creating value for Disney shareholders.”
McCarthy is set to report under Iger.
With the announcement of her new role, McCarthy shared these words as being “humbled and honored to be entrusted with the role of CFO of this incredibly dynamic company.”
Her past work includes being executive VP and CFO of Imperial Bancorp. Her skills include “corporate finance, capital markets, financial risk, international treasury and investments, credit, and risk management.” Education-wise, she graduated from UCLA with a MBA. As for outside the workforce, she participates in many non-profit organizations such as Westridge School for Girls in Pasadena as well as being a mentor for the National Math and Science Initiative’s STEM program.
McCarthy is the first female to be named CFO for the company. Her new role is set to at effect immediately.
What are your thoughts on the newly selected CFO?