On January 12, 2023, The Walt Disney Company announced that Mark Parker would take the Company's chairman's seat after Susan Arnold steps down at the Company's upcoming annual shareholders meeting. The Company stated that Nelson Peltz has asked to be assigned a seat on the board amid accusations against the Company's management. In response, the Company stated that it has refused to give a seat to Nelson Peltz while the Company has maintained that it is open to constructive ideas that help improve the value of the Company.