The Walt Disney Company is planning to expand their board of directors from 11 to 12 with tech executive Carolyn Everson.
Everson has been a top executive at Facebook and Instacart.
Disney’s move to expand the board is supported by Third Point LLC, an investor that took a large stake in Disney in August. Third Point made suggestions that include spinning off ESPN and folding Hulu into Disney+.
“We have a productive and collegial relationship with Third Point, with whom we share a deep commitment to continue building on Disney’s many successes and increasing shareholder value,” CEO Bob Chapek said in a prepared statement.
Source: Variety
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