Mark parker to be named chairman of the walt disney company

Burbank, calif.--( business wire )--the walt disney company (nyse: dis) board of directors announced that it has elected independent director mark g. parker as chairman of the board, effective following the annual meeting of shareholders. mr. parker, a seven-year member of the disney board and executive chairman of nike, inc., will succeed susan e. arnold, who will not stand for re-election pursuant to the 15-year term limit under disney's board tenure policy. as a result, the size of the board will be reduced to 11 members.
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