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.”
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.
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.
“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.”
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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).
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.
