Sheryl Sandberg, Jack Dorsey to Leave Disney’s Board
- Disney cites difficulty avoiding conflicts of interest
- Smith, Matschullat also leaving because of age, term limits
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Facebook Inc.’s Sheryl Sandberg and Twitter Inc.’s Jack Dorsey are stepping down from Walt Disney Co.’s board as the increasing competition between media and technology companies creates new conflicts.
Sandberg, Facebook’s chief operating officer, and Dorsey, Twitter’s chief executive officer, aren’t running for re-election at the annual meeting scheduled for March 8, according to a Disney filing Friday. Orin Smith, the 75-year-old lead independent director, and Robert Matschullat, 70, also won’t stand for re-election because of term and age limits for board members.