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Disney promoted two executives on Tuesday: Christine McCarthy to chief financial officer and Kevin Mayer to chief strategy officer.
In a regulatory filing Tuesday, Disney said the promotions are effective beginning Wednesday and that each exec will earn $1.25 million in base salary with the potential for far more through incentives, bonuses and stock plans.
McCarthy, who has been Disney’s treasurer for the past 15 years, replaces Jay Rasulo, whose last day as CFO was Tuesday, though he’ll remain with the company as an adviser to CEO Bob Iger.
As CFO, McCarthy will oversee investor relations, corporate planning and control, tax, corporate treasury, real estate and more.
“She is highly respected in the finance sector, and in this new role, she will have even more impact on creating value for Disney shareholders.” said Iger on Tuesday.
As for Mayer, he had a previous stint at Disney beginning in 1993, though he left the company and held several positions before returning, including CEO of Clear Channel Interactive and head of the global media and entertainment practice at L.E.K. Consulting.
Previously at Disney, Mayer was responsible for the operations and business plans of many of the conglomerate’s websites, including ESPN.com and ABCNews.com.
Mayer has spent the past 10 years as executive vp corporate strategy and business development. As chief strategy officer, he’ll oversee corporate strategy, business development, acquisitions, enterprise information technology, innovation, brand and franchise management and global corporate alliances.
Iger said Tuesday that Mayer played “an integral role in our successful acquisitions of Pixar, Marvel and Lucasfilm.”
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Producers Guild of America
The Walt Disney Company