Disney Names Morgan Stanley CEO James Gorman, Former Sky Chief Jeremy Darroch to Board of Directors

Disney Names Morgan Stanley CEO James Gorman, Former Sky Chief Jeremy Darroch to Board of Directors

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Disney‘s board named Morgan Stanley CEO James Gorman and former Sky chief Jeremy Darroch as new directors Wednesday.

Additionally, Disney has announced that board member Francis A. deSouza will not stand for reelection at the company’s upcoming annual meeting, “as he pursues new opportunities in the technology sector that will require his full attention.”

Darroch’s role is effective Jan. 9, while Gorman begins Feb. 5.

The newly appointed directors will be included in Disney’s slate of nominees in the proxy statement for the company’s annual meeting of shareholders next spring.

“James and Jeremy are both widely respected leaders in their industries, and their expertise will complement the talents and experience of the Disney board as we continue to focus on delivering for consumers and shareholders alike,” Disney chairman of the board Mark Parker said. “In the 14 years that James has been CEO of Morgan Stanley, he has overseen a strategic transformation of the institution and delivered significant shareholder value, and was integral to Morgan Stanley’s well-managed succession process over the past year. Jeremy brings extensive leadership in the international media business, and during his tenure at Sky, he led Sky’s successful transition from a linear satellite broadcaster to one of Europe’s largest multi-platform TV providers.”

More to come…

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