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Disney shares slip as company announces CFO stepping down

Investing.com -- Walt Disney Company (NYSE:DIS) shares slid in late trading after the entertainment giant said its CFO Christine McCarthy would leave her role and take a family medical leave of absence.

Another veteran Disney executive, Kevin Lansberry, will be interim CFO starting July 1. Lansberry is currently executive vice president and CFO of Disney Parks, Experiences and Products.

McCarthy will continue as a strategic advisor to Disney during her leave and will assist with the process of identifying and bringing on board a long-term successor, the company said.

CEO Bob Iger said in a statement: “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.”

Shares of Disney were down 1% in late trading. They are up about 7% so far this year.

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