Dennis W. Shuler Named Executive Vice President And Chief Human Resources Officer For The Walt Disney Company

BURBANK, Calif., March 5, 2008 – Dennis W. Shuler has been named Executive Vice President and Chief Human Resources Officer for The Walt Disney Company (NYSE: DIS), it was announced today by Robert A. Iger, president and CEO, The Walt Disney Company, to whom Mr. Shuler will report. Mr. Shuler will be responsible for areas that include leading Disney’s overall human resources strategy including global talent attraction, staffing and retention, leadership development, diversity, organizational design and cultural development, employee education and development, compensation and benefits and employee relations. The heads of human resources in Disney’s business units will report to Mr. Shuler as well as to the senior executives of their respective business units.

“Dennis’s experience in providing strategic human resources leadership at Procter & Gamble, a company well renowned for its ability to build tremendous brand franchises across a diverse, complex set of businesses and developing broadly skilled global leaders make him an ideal fit for Disney,” said Mr. Iger. “His impressive professional accomplishments both in the United States and abroad will make him integral in developing and executing Disney’s worldwide human resources strategies and initiatives to attract, motivate and retain experienced, knowledgeable and creative employees throughout our organization.”

“I am absolutely delighted to join such a committed and creative organization as Disney. I am truly fortunate to have been associated with such a fine organization as Procter & Gamble. However, I am very much looking forward to the opportunity to be a part of Disney’s team and to drive human resource strategies that enable the further development of their exciting array of businesses,” said Mr. Shuler.

Mr. Shuler joins Disney from Procter & Gamble where he spent 23 years serving in a variety of leadership capacities both in the United States and the United Kingdom. Most recently, Mr. Shuler has served as Vice President of P&G Beauty and Health & Well Being global business units. In this capacity, he was responsible for providing strategic human resources direction including acquisition and divestiture planning, talent sourcing, leadership identification, development and planning, diversity and employee and labor relations. In particular, he has played a significant leadership role in P&G’s three largest acquisitions to date of the Clairol, Wella and Gillette companies and the recent creation of the new Folgers’s Coffee Company.

Mr. Shuler is a native of Cayuga, New York and holds a Bachelor of Science degree in Business Administration from the State University of New York at Oswego and a Master of Arts in Human Resources Management from the University of Alabama where he graduated summa cum laude. The University of Alabama local Beta Gamma Sigma Chapter recently recognized him as the 2007 distinguished alumni.

Mr. Shuler assumes his new position on April 1, 2008.