Sheryl Sandberg and Jack Dorsey Exiting Walt Disney Company Board of Directors

After several years on the Walt Disney Company board of directors, both Sheryl Sandberg and Jack Dorsey have announced that they will not seek re-election when the board votes in March. Sandberg, COO of Facebook, and Dorsey, co-founder, and CEO of Twitter have recognized that as the Walt Disney Company grows, it has become increasingly more difficult for the execs to stay out of the conflicts of their own business.

On top of Dorsey and Sandberg not seeking re-election, the board will be losing two more members. Lead independent director Orin Smith has reached the board’s retirement age and will be exiting this year. Robert Matschullat will also be stepping down after reaching the 15-year maximum term limit.

Oracle co-CEO Safra Catz and Illumina CEO Francis deSouza will join the board next month bringing the board to a total of 10 members.

What do you think of the changes coming?

 

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Caitie Bear

Caitie Bear

Caitie Bear originally came to DAPS MAGIC through GEEKS CORNER and coffee. She soon became the resident coffee consultant for special segments before finding herself joining the GEEKS CORNER team. She is now the co-host for the web show and has loved the opportunity to share the magic with other Disney fans. Caitie loves covering anything food or Disney Fairy Tale Weddings!

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