Disney names former P&G CEO as chairman

Posted | Contributed by Jeff

Walt Disney Co. on Wednesday named the former chief executive of consumer products giant Procter & Gamble Co. as its next chairman, part of an ongoing remake of a board once criticized for passivity and lack of independence. John E. Pepper Jr., 67, one of Disney's newest outside directors, will take over the position on Jan. 1 from retiring Chairman George J. Mitchell, the former Senate majority leader. Disney Chief Executive Robert A. Iger in a statement said Pepper "has quickly immersed himself in our business" since joining the board of the Burbank-based entertainment giant in January.

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