Disney CFO Christine McCarthy steps down

Christine McCarthy

The Walt Disney Company has announced senior executive vice president and chief financial officer Christine McCarthy will be stepping down from her role.

She leaves after 23 years at the company, as she takes a family medical leave of absence.

Disney’s chief financial officer Kevin Lansberry is to serve as interim CFO from July 1, revealed, The Walt Disney Company boss, Bob Iger.

McCarthy leaves after joining the company in 2000 as a treasurer and was promoted to chief financial officer in 2015. Prior to Disney, she served as executive vice president and chief financial officer of Imperial Bancorp.

As Interim CFO, Lansberry will oversee the company’s worldwide finance organisation, which includes corporate alliances and partnerships, corporate real estate, corporate strategy and business development, enterprise controllership, enterprise technology, financial planning and analysis, global product and labour standards, global security, investor relations, risk management, tax, and treasury.

McCarthy will continue to serve as a strategic advisor to the company during her leave and will assist with the process of finding her successor.

Iger said: “Christine has served as a key strategic anchor during a period of great transformation, and she and I have discussed her desire to ensure an orderly and successful CFO succession in advance of the company’s transition to its next chief executive officer. She is stepping down from her CFO role as she takes family medical leave, but has graciously offered to move into an advisory position to assist her successor in assuming the duties she has so expertly handled these many years.”

McCarthy said. “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, who have shown time and again that determination, teamwork and the pursuit of excellence are an unstoppable combination.”

“Among her many contributions to the company, one of the things I admire most about Christine is the generous mentorship she has provided to so many of her colleagues over the years, including countless women,” Iger added. “She has opened doors, created opportunities, and served as a role model for women at every level of business—not just at Disney, but around the world.”