Disney CFO Steps Down

Christine McCarthy, Disney's ($DIS @US) chief financial officer CFO, will step down from her role and take a family medical leave of absence, according to an announcement by the entertainment giant. However, she will continue to serve as a strategic advisor to Disney during her leave. McCarthy will also assist in finding a long-term successor for the CFO position. McCarthy, who joined Disney in 2000 and became CFO in 2015, departed when the company underwent significant restructuring during CEO Bob Iger's second tenure. Disney has faced challenges such as job cuts, a tougher advertising market, and stiff competition in the streaming industry. Christine McCarthy had a significant role in the recent Disney upheaval, initially aligned with CEO Bob Chapek before allegedly turning against him, resulting in his replacement by Bob Iger. Despite this, Iger appreciated McCarthy's contributions and praised her mentorship and support for women in business.