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Jeremy Darroch

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business2 years ago•1 min saved

Disney Bolsters Board with New Appointments Amid Investor Pressure

The Walt Disney Co. has announced the addition of former Group CEO of Sky, Jeremy Darroch, and Morgan Stanley CEO, James Gorman, to its board of directors. Francis A. deSouza plans to surrender his seat at the end of his term. The nominations of Gorman and Darroch will be voted on by shareholders at Disney's annual meeting in early 2024. The appointments come after an activist push by investor Nelson Peltz to gain seats on Disney's board.

via Deadline|

#board-of-directors #business #corporate-announcement

business2 years ago•2 min saved

Disney Bolsters Board with Morgan Stanley CEO James Gorman and Former Sky Chief Jeremy Darroch

Disney has appointed James Gorman, CEO of Morgan Stanley, and Jeremy Darroch, former chief of Sky, to its board of directors. The additions temporarily increase the board to 13 members. Francis A. deSouza, a current board member, will not seek reelection as he pursues opportunities in the technology sector. The appointments reflect Disney's commitment to a strong board focused on long-term performance, strategic growth, succession planning, and increasing shareholder value. Gorman and Darroch bring extensive leadership experience in their respective industries.

via Variety|

#board-of-directors #business #corporate-governance