Disney Names Susan Arnold Chairman as Iger Nears Departure (1)

Walt Disney Co. named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company.

Arnold, 67, has been the lead independent director since 2018 and has served on Disney’s board since 2007. She’s also been a director at McDonald’s Corp. and NBTY Inc. She’ll take on the position when Iger leaves the company on Dec. 31.

Iger, 70, is wrapping up his decades-long career at Disney after theme-park leader Bob Chapek succeeded him as chief executive officer last year. The company ...