Walt Disney Co. ’s board of directors has elected Susan Arnold its new chairman, replacing Robert Iger, the longtime chief executive who is set to depart from the company later this month.
Ms. Arnold, whose career in business has included positions at the Carlyle Group Inc. and Procter & Gamble Co. , has been a Disney board member since 2007 and is to become chairman on Dec. 31. She most recently served as its lead independent director.
