Disney CFO Christine McCarthy Steps Down

Disney’s Chief Financial Officer (CFO), Christine McCarthy has stepped down from her position and taking a family medical leave of absence. Effective July 1, Kevin Lansberry, currently the CFO of Parks, Experiences, and Products, will assume the role of interim CFO.

Disney CEO Bob Iger expressed high regard for McCarthy, stating, “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.” McCarthy, who has served as CFO for over 8 years, will continue to contribute as a strategic adviser during her leave and aid in the selection of a long-term successor.

McCarthy’s contract was previously extended through June 30, 2024, demonstrating her continued commitment to the company. “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,” McCarthy stated in response to the news.

Following the announcement of McCarthy’s departure, Disney’s stock experienced a dip in after-hours trading. Meanwhile, Lansberry, who has been the CFO of the Parks division since 2017 and expanded his responsibilities to include consumer products in 2018, will assume the interim CFO role. With over 30 years of experience at Disney, Lansberry oversees the financial management of several prominent Disney properties, including its domestic and international theme parks.

McCarthy’s departure marks another significant change in Disney’s C-suite over the past year. In November, Bob Iger returned to the position of Disney CEO after initially stepping down in 2020.