Sheryl Sandberg to leave Disney’s Board
Facebook Chief Operating Officer Sheryl Sandberg has stepped down from Disney board is not nominated for the re-election when the company holds its annual shareholder meeting March 8, in Houston, Texas. Facebook had increasingly moved into the entertainment business to bring attention of online viewersin recent years. Disney said the reasoning behind their departures are due to potential conflicts of interest that may arise as media and technology continue to merge.
“Given our evolving business and the businesses Ms. Sandberg is in, it has become increasingly difficult for them to avoid conflicts relating to Board matters, and they are not standing for re-election,” a Disney spokesperson said. Disney plans to launch an ESPN-branded streaming service later this year, and a Disney-branded entertainment offering in 2019.
Tags: Sheryl Sandberg, Facebook Chief Operating Officer Sheryl Sandberg, facebook, varindia, Disney board
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