STOCK TITAN

Paul Richardson Named Chief Human Resources Officer of The Walt Disney Company, Effective July 1

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Paul Richardson has been appointed as Senior Executive Vice President and Chief Human Resources Officer of The Walt Disney Company (NYSE: DIS) effective July 1. He succeeds Jayne Parker, who is leaving after 33 years. Richardson, previously Senior VP of Human Resources at ESPN, will oversee Disney's HR strategy, talent acquisition, diversity, and employee development. CEO Bob Chapek praised Richardson's leadership and commitment to enriching the employee experience. Richardson has initiated numerous diversity programs and supported 5,000 employees at ESPN, highlighting his extensive HR background.

Positive
  • Paul Richardson's appointment may enhance Disney's HR strategy and employee engagement.
  • Richardson has a strong track record in diversity and inclusion initiatives, potentially benefiting Disney's corporate culture.
  • His leadership role at ESPN shows experience in managing a large workforce, which could translate to Disney's diverse operations.
Negative
  • None.

Paul Richardson has been named Senior Executive Vice President and Chief Human Resources Officer of The Walt Disney Company (NYSE: DIS), effective July 1, it was announced today by Bob Chapek, Chief Executive Officer. Mr. Richardson, who is currently Senior Vice President, Human Resources for ESPN and was Disney’s first Chief Diversity Officer, will succeed longtime veteran Jayne Parker, who previously announced she is leaving the Company at the end of June after a 33-year career at Disney and will work closely with Mr. Richardson during the transition.

Paul Richardson (Photo: Business Wire)

Paul Richardson (Photo: Business Wire)

As Chief Human Resources Officer, Mr. Richardson will report directly to Mr. Chapek and will be responsible for leading Disney's human resources strategy, global talent acquisition, leadership development, diversity and inclusion, organizational design and cultural development, employee education and development, compensation and benefits, HR operations and technology, employee relations, and global security.

“Paul Richardson is a supremely talented, strategic and personable leader with a deep passion for enriching the employee experience by championing the unique talents and perspectives of our diverse, global workforce,” Mr. Chapek said. “I can think of no one better suited than Paul to build on the incredible work of Jayne Parker, who in 12 years leading Disney’s Human Resources function has had an indelible impact on the company, fostering a culture that has attracted and developed the industry’s best creative talent and most accomplished business leaders.”

“It is a tremendous honor to be named to this role, and I want to thank Bob for the amazing opportunity and Jayne for her mentorship and friendship over these many years,” Mr. Richardson said. “Our employees and Cast Members are absolutely key to Disney’s success, and their exceptional talent, ingenuity, diverse backgrounds and experiences, and deep sense of commitment even in the most trying times are truly an inspiration. I look forward to supporting them and working with our HR leaders around the world as we advance the Company’s ambitious business goals and further cement Disney’s well-earned reputation as one of the most desirable places to work.”

In his current role leading human resources at ESPN, which he has held since 2007, Mr. Richardson supports 50 different business units and approximately 5,000 employees around the world. In addition to serving as a member of the ESPN Board of Directors and Executive Committee, he oversees ESPN’s Corporate Citizenship team, which is responsible for strategic community investments, cause marketing programs, collaboration with sports organizations and employee volunteerism, as well as worldwide Global Security & Facilities Operations.

Mr. Richardson also served as the first chief diversity officer for The Walt Disney Company from 2011 to 2017, partnering with diversity leaders across Disney’s business segments to define and implement global D&I strategies. He launched numerous programs and initiatives, including Disney’s signature Heroes Work Here program, through which the Company has employed 10,000 veterans, and its Veterans Institute workshops for employers looking to establish their own military hiring and development programs; the Global Workplace & Women’s Initiative program; and a growth initiative targeting US Hispanics. Under his direction and leadership, ESPN has also launched several diversity initiatives including a Women’s Leadership Conference, nine Employee Resource Groups and an Executive Diversity Council. In 2019, he initiated Disney’s Black Employee & Consumer Experience, focused on increasing Black employee representation, enhancing development opportunities for Black executives, and finding ways to make the Company’s content and products even more relevant to consumers.

Mr. Richardson began his career as an attorney before transitioning to the human resources field. Prior to joining ESPN, Mr. Richardson served as Executive Vice President, Global Human Resources at Universal McCann; Senior Vice President, Human Resources, for Paramount Pictures Corp.; and Vice President, Human Resources, at Bowne & Company in Los Angeles. He also spent more than 10 years at The Times Mirror Company, former parent company of the Los Angeles Times, where he held HR and legal roles and served as a key member of executive management.

He received a NAMIC (National Association for Multi-Ethnicity in Communications) Luminary Award in 2010, and CableFAX: The Magazine named him to its Most Influential Minorities in Cable list from 2010 to 2020. Mr. Richardson has served as an advisor to the California State Summer School of the Arts and as a board member of the Cable and Telecommunications Human Resources Association (CTHRA). He is currently a member of the USC Annenberg School for Communication and Journalism Board of Councilors.

Mr. Richardson received both a Bachelor of Arts degree in political science and a Juris Doctor degree from the University of Southern California.

FAQ

Who is the new Chief Human Resources Officer of Disney as of July 1, 2023?

Paul Richardson has been appointed as Senior Executive Vice President and Chief Human Resources Officer of The Walt Disney Company, effective July 1, 2023.

What was Paul Richardson's role before joining Disney's HR department?

Prior to his appointment, Paul Richardson was the Senior Vice President of Human Resources for ESPN.

What is Paul Richardson's experience in diversity initiatives?

Richardson served as Disney's first Chief Diversity Officer and launched several programs focusing on diversity and inclusion.

Who did Paul Richardson succeed in his new role at Disney?

He succeeded Jayne Parker, who announced her departure after a 33-year career at Disney.

What responsibilities will Paul Richardson have as Disney's Chief Human Resources Officer?

He will lead Disney's HR strategy, talent acquisition, diversity and inclusion, employee development, and more.

The Walt Disney Company

NYSE:DIS

DIS Rankings

DIS Latest News

DIS Stock Data

203.84B
1.81B
0.06%
69.78%
0.97%
Entertainment
Services-miscellaneous Amusement & Recreation
Link
United States of America
BURBANK