Disney names Mark Parker to be chairman

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Disney names Mark Parker to be chairman
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Walt Disney Co.'s undefined board of directors on Wednesday announced it has elected independent director Mark Parker as chairman. Parker, a seven-year...

Walt Disney Co.'s board of directors on Wednesday announced it has elected independent director Mark Parker as chairman. Parker, a seven-year member of Disney's board and executive chairman of Nike Inc. , will succeed Susan Arnold, who fulfilled a 15-year term limit on the board. As a result, the size of the board will be reduced to 11 members. Disney's shares were up 1.6% in extended trading Wednesday.

... Walt Disney Co.'s DIS board of directors on Wednesday announced it has elected independent director Mark Parker as chairman. Parker, a seven-year member of Disney's board and executive chairman of Nike Inc. NKE , will succeed Susan Arnold, who fulfilled a 15-year term limit on the board. As a result, the size of the board will be reduced to 11 members. Disney's shares were up 1.6% in extended trading Wednesday.

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