Disney Names Pepper Non-Exec Chairman
June 29, 2006 at 6:12 AM (PT)
The WALT DISNEY CO. has named former PROCTER AND GAMBLE Chairman/CEO JOHN E. PEPPER JR. as non-executive Chairman. PEPPER will succeed former Sen. GEORGE MITCHELL in JANUARY when MITCHELL retires; MITCHELL was to retire last year but agreed to stay on until his successor was found.
In addition, the board voted to officially separate the jobs of CEO and Chairman. MICHAEL EISNER had served as Chairman and CEO before leaving under fire from shareholders; BOB IGER took over as CEO.