Walt Disney Co. shareholders are expected to elect Mark Parker as chairman at their annual meeting on Monday, giving Nike Inc.’s executive chairman another spot at the top.
Parker, who led Nike for 14 years before taking on his current role in 2020, has been on Disney’s board since 2016. In just over a year, Susan Arnold, the Procter & Gamble beauty veteran who has been Disney’s board chairman for 15 years, will step down.
Disney has two chairmen from the fashion and beauty world in a row. Nike and Disney are very different companies, but they both face many of the same challenges. Additionally, Parker brings a lot of consumer expertise to Disney, as well as a lot of experience managing the chaos of big businesses.