Sheryl Sandberg, Jack Dorsey Won’t Seek Re-Election to Disney Board

Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be exiting the board of directors at Walt Disney Co., the company revealed in a regulatory filing Friday.

When a new board is voted in at the annual shareholders meeting March 8th, neither will seek re-election–a reflection of the growing potential for a conflict of interest between Disney and their respective companies as the lines blur between media and technology.

“Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to board matters,” read a statement issued by a Disney representative.

Their departures won’t be the only changes to the board next year. Lead independent director Orin Smith will exit because he has hit the board’s retirement age. Another board member, Robert Matschullat, will also step down having served the maximum 15-year term limit.

Two new members of the Disney board have already been designated. Oracle co-CEO Safra Catz and Illumina CEO Francis deSouza will join the board next month. Without Sandberg and Dorsey, that would bring the Disney board to 10 members.

The company’s CEO, Bob Iger, will continue to serve as chairman of the board.

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  1. Perhaps Sheryl and Jack leaving the Disney board has something to do with the 2017 Federal Court of Appeals and the 2 to 1 ruling- involving (Robert Iger, Michael Eisner and Sandy Livack) Disney’s elaborate fraud, lies and court corruption as even Judge Clifton had flagged in the ruling – Links to the youtube in court video and the PDF 2 to 1 ruling and much more is through Roycemathew1 via twitter

  2. Facebook is currently making the convergence from being a social media outlet to becoming a digital content company similar to Netflix and Disney’s new digital venure, so it makes perfect sense for Sandberg to exit. I wonder what Twitter has up their sleeve for the future?

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