Disney CFO Steps Down Amid Lawsuit

Christine McCarthy CFO
Credit: Disney

Christine McCarthy, the current Chief Financial Officer for the Walt Disney Company, is stepping down.

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Her Sudden Departure

According to reports, Disney CEO Bob Iger has stated that McCarthy “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.”

Christine McCarthy

Credit: Disney

While she is on leave, veteran Disney executive Kevin Lansberry, Executive Vice President and Chief Financial Officer of Disney Parks, Experiences, and Products, will serve in her place.

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The change will go into effect on July 1.

walt disney burbank

Credit: Disney

However, Christine McCarthy will stay on as a strategic advisor during her leave and will be involved in finding a long-term successor for her position. Although Lansberry will serve as an interim CFO, a search is being conducted for a permanent full-time replacement.

bob-iger ceo disney

Credit: Disney

“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

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During his tenure at the Walt Disney Company, Kevin Lansberry held various leadership roles in finance, business development, alliances, and operations.

Rumors, Controversies, and Lawsuits

Although CFO Christine McCarthy has been a top executive with the Walt Disney Company for 23 years, she has been no stranger to controversy and rumors among Disney fans.

She was said to be one of the executives behind the ousting of previous Disney CEO Bob Chapek. She also made headlines in previous years about cutting back portion sizes at parks and noted that the decision was also “probably good for some people’s waistlines.”

RELATED: Bob Chapek Is Being Sued For Disney Fraud

Christine McCarthy was also listed by name in a lawsuit filed by investors alleging that Disney misled investors about Disney Plus (hiding streaming costs and losses).


Credit: Disney

Six months ago, she was rumored to replace Bob Iger as CEO in 2025. With her pending leave, it seems unlikely this would happen anymore. But perhaps Disney’s new trend is for powerful executives to leave and return as CEO. It could happen…it did with Bob Iger.


About Steven Wilk

Steven has a complicated relationship with Disney. As a child, he visited Walt Disney World every few years with his family. But he never understood why kids his age (and older) were so scared of Snow White or Alien Encounter. He is a former participant of the Disney College Program (left early…long story), and he also previously worked in Children’s publishing, where he adapted multiple Disney movies and TV shows. He has many controversial opinions about Disney…like having a positive view of Michael Eisner, believing Return of the Jedi is superior to The Empire Strikes Back, and that Toy Story Land and Galaxy’s Edge should have never been built (at least not at Hollywood Studios). Every year for the past two decades, Steven has visited either Walt Disney World, Disneyland, Aulani or went on a Disney Cruise. He’s happy to share any and all knowledge of the Disney destinations (and he likes using parenthesis a lot…as well as ellipses…)