BURBANK — Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be leaving the board of The Walt Disney Co. Neither executive will stand for re-election at the company’s annual meeting in March.
Jack Dorsey, CEO of Square, Chairman of Twitter and a founder of both, holds an event in London in this November 20, 2014, file photo. Twitter chief executive Dick Costolo is stepping down and will be replaced on an interim basis by Dorsey, effective July 1, twitter said on June 11, 2015. The move comes with the one-to-many messaging platform struggling to boost its user base after a much-anticipated public offering in 2013. AFP PHOTO/JUSTIN TALLIS/FILESJUSTIN TALLIS/AFP/Getty Images
A Disney spokesperson says it has become “increasingly difficult for them to avoid conflicts relating to board matters.”
With Disney planning to put ESPN online, Twitter live-streaming sports like NFL football, and Facebook prioritizing live video, online video is a likely area of overlap.
The pending departure of the two Disney board members was revealed in a securities filing Friday.
Source:: East Bay – Entertainment