Disney's Chief Diversity Officer Latondra Newton Has Left the Company
According to Variety, the Walt Disney Company’s Chief Diversity Officer has left the company.
Disney’s Chief Diversity Officer Exits
Variety obtained an internal memo from Disney HR chief Sonia Coleman that reads:
To our extended DEI and HR team, I’m writing to share the news that Latondra Newton has decided to leave The Walt Disney Company to pursue other endeavors. Since joining the company in 2017, Latondra has led the company’s strategic diversity, equity and inclusion initiatives, including partnering with stakeholders across the enterprise to amplify stories of the world by people around the world. She has been dedicated to ensuring every person sees themselves and their life experiences represented in a meaningful and authentic way. I know you all join me in thanking Latondra for her many contributions, including the lasting impact she has had on our employees and our culture. Working alongside all of you and so many others, she has inspired countless cast members and employees to bring about lasting change and to help create a world where we can all feel safe and we all belong. Latondra’s direct reports will report to Julie Merges on an interim basis until a new DEI leader is identified. I want to thank Julie for leading this team along with her Talent Acquisition organization. Additionally, Shelby Curry and the DEI Internal Communications team will continue reporting to Carrie Brown in her role leading internal communications & engagement for the company. Thank you all for your continued contributions to our DEI efforts. I know we can count on you to keep this important work moving forward during this leadership transitions. Gratefully, Sonia
Newton exits after a six-year tenure with the Walt Disney Company. According to an insider, Newton is set to join the board of a different corporation in the near future, while also intending to allocate more of her time to her own creative company.
This comes just days after another Disney executive, CFO Christine McCarthy, also stepped down.
Christine McCarthy Steps Down as Disney’s Chief Financial Officer; Kevin Lansberry to Assume Role to Interim CFO
The Walt Disney Company’s Senior Executive Vice President and Chief Financial Officer Christine M. McCarthy will be stepping down from her role and taking a family medical leave of absence, and veteran Disney executive Kevin Lansberry, Executive Vice President and Chief Financial Officer of Disney Parks, Experiences and Products, will serve as the company’s Interim CFO, effective Saturday, July 1, it was announced today by Bob Iger, Chief Executive Officer, The Walt Disney Company. McCarthy will continue as a strategic advisor to the company during her leave and will assist with the process of identifying and onboarding a long-term successor to ensure a smooth and successful transition.
“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,” 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.”
Lansberry has agreed to serve as Interim CFO while a thorough search of internal and external candidates is conducted for a permanent replacement. “Kevin has been with the company for more than three decades and is a trusted lieutenant to Christine,” Iger said. “Having expertly served as CFO at our largest business segment since 2017, he has my complete confidence, and I look forward to working with him during this transition.”
As Interim CFO, Lansberry will assume oversight of the company’s worldwide finance organization, which includes corporate alliances and partnerships, corporate real estate, corporate strategy and business development, enterprise controllership, enterprise technology, financial planning and analysis, global product and labor standards, global security, investor relations, risk management, tax, and treasury.
During his tenure at Disney Parks, Lansberry has held a variety of leadership roles in finance, business development, alliances, and operations. He assumed the position of Executive Vice President and Chief Financial Officer, Walt Disney Parks and Resorts, in 2017, which was expanded in 2018 to also include Consumer Products. In that role, Lansberry has been responsible for the financial planning and fiscal management of domestic and international theme parks and resorts, Disney Cruise Line, Disney Vacation Club, Adventures by Disney, Walt Disney Imagineering, revenue management and analytics, global business development, and Consumer Products. He holds a Bachelor of Science in Finance from Ball State University and a Master of Business Administration from the Crummer Graduate School of Business at Rollins College.
McCarthy joined Disney in 2000 as Treasurer and became Chief Financial Officer in 2015. Prior to joining Disney, she was the Executive Vice President and Chief Financial Officer of Imperial Bancorp from 1997–2000. She also held various executive positions in finance and planning at First Interstate Bancorp from 1981–1996. She serves on the Board of Directors of The Procter & Gamble Company and FM Global and is a trustee of the Carnegie Institution for Science. McCarthy has received numerous awards and has been named multiple times to Treasury & Risk’s “100 Most Influential People in Finance,” was the recipient of Treasury Today’s Adam Smith “Woman of the Year” Award in 2015, and was honored by the Entertainment Diversity Council in 2016 as one of the “Top 50 Most Powerful Women in Entertainment.”
“Among her many contributions to the company, one of the things I admire most about Christine is the generous mentorship she has provided to so many of her colleagues over the years, including countless women,” Iger said. “She has opened doors, created opportunities, and served as a role model for women at every level of business—not just at Disney, but around the world.”
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Source: WDW News Today
