Christine McCarthy, Senior Govt Vice President and Chief Monetary Officer, The Walt Disney Firm, participates in a panel dialogue in the course of the annual Milken Institute World Convention at The Beverly Hilton Lodge on April 29, 2019 in Beverly Hills, California.
Michael Kovac | Getty Photos Leisure | Getty Photos
Christine McCarthy, Disney’s chief monetary officer, will step down from that function, the leisure big stated Thursday.
She’s going to take a household medical go away of absence and through that point proceed as a strategic advisor to Disney, the corporate stated. McCarthy may even assist discover a long-term successor, Disney added. Kevin Lansberry, the finance chief for Disney’s parks enterprise, will work as the corporate’s interim CFO efficient July 1.
“I’m immensely grateful for the chance Bob supplied me to function CFO of this iconic firm and am happy with the work my gifted crew has achieved to place Disney to capitalize on the enterprise potentialities that lie forward,” McCarthy stated in a information launch.
McCarthy, who began with Disney in 2000 and have become CFO in 2015, departs because the Disney undergoes a broad restructuring throughout Bob Iger’s second tenure as CEO. The corporate has focused 7,000 job cuts throughout a number of rounds of layoffs this 12 months.
Disney has additionally contended with a harder advert marketplace for media corporations and struggled to set itself aside in a crowded streaming area. In its fiscal second quarter, Disney reported working losses of $659 million for its direct-to-consumer phase.
That is breaking information. Please examine again for updates.