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?