Disney adds two new faces to board

Walt Disney has added two tech execs to its board of directors in the form of Safra Catz, chief executive of Oracle Corp., and Francis A. deSouza, CEO of biotech firm Illumina Inc.

“Safra A. Catz and Francis deSouza are extremely well-respected in their fields, and each brings an innovative and valuable perspective to our business,” Disney Chairman Bob Iger said in a statement.

Disney has not confirmed whether these new additions will replace retiring members or if the board has simply expanded from 12 to 14. 

It makes sense that the company would be looking to bolster its management as the firm prepares to acquire 21st Century Fox in the midst of an uncertain time for the firm’s digital strategy.

“As technology and entertainment further converge, it’s an exciting time for the company, and I look forward to working with the board in continuing Disney’s rich legacy of innovation,” Catz said in a statement.

In August, Disney’s board elected Mary Barra, chairman and CEO of General Motors Co., as a director. She becoming the 12th board member.

About Robert Hutchins

Robert Hutchins is the editor of Licensing.biz and ToyNews. Hutchins has worked his way up from Staff Writer to the position of Editor across the two titles, having spent almost eight years with both ToyNews and Licensing.biz, and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@biz-media.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

Check Also

‘Vikings’ spin-off ‘Vikings: Valhalla’ to drop on Netflix on 25 February

Rocket’s stand at Brand Licensing Europe took visitors back in time, as the agency presented …