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March 03, 2004
Eisner Out As Disney Chair, Stays CEO , Mitchell To Serve As Chair
Walt Disney Co. said late Wednesday that it is separating the chairman and CEO positions, cutting the power of 20-year company head Michael Eisner. The board elected director and former Sen. George Mitchell to serve as non-executive chairman of the board. Eisner will continue to serve as CEO. "While making this change in governance, the board remains unanimous in its support of the company's management team and of Michael Eisner, who will continue to serve as chief executive officer," Disney said in a press release.
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Posted By: Ray @ 10:00 PM | 
