Disney announces James Gorman and Sir Jeremy Darroch to join its Board of Directors

– USA, CA –  The Walt Disney Company (NYSE: DIS) today announced the appointment of James Gorman and Sir Jeremy Darroch to its Board of Directors, effective respectively on February 5, 2024. and on January 9, 2024.

“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,” said Board Chairman, Mark Parker.

Concurrently, Disney also announced that Francis deSouza will not stand for reelection at the next AGM.

About James P. Gorman

James Gorman became CEO of Morgan Stanley in January 2010 and Chairman in January 2012, and he will assume the role of Executive Chairman on January 1, 2024. He joined the firm in February 2006 and was named Co-President in December 2007. Before joining Morgan Stanley, Gorman held executive positions at Merrill Lynch. As CEO and Chairman of Morgan Stanley, Gorman has an established record driving the strategic transformation of a global financial institution with a long-term sustainable business model. Gorman has successfully executed innovative technological strategies leading the acquisition and integration of the online trading platform E-Trade and will provide key perspectives as Disney leverages technology to advance its strategy. Through his roles at Morgan Stanley, and Merrill Lynch, and as former President of the Federal Advisory Council to the U.S. Federal Reserve Board, Gorman also brings deep finance management, investment, and fiduciary expertise in evaluating businesses.

“Disney stands apart, both in its creative excellence and its deep connection with consumers,” said James Gorman. “It is an incredible opportunity to join this accomplished board of directors, and to lend my experience and perspective as the company implements its strategic vision to build for the future.”

He earned a bachelor’s degree and law degree from the University of Melbourne and an M.B.A. from Columbia University.

About Sir Jeremy Darroch

Sir Jeremy Darroch is the former Executive Chairman and Group Chief Executive of Sky. He joined Sky as CFO in 2004 was promoted to Group Chief Executive in 2007, and served as Executive Chairman in 2021. As Group Chief Executive of Sky, Darroch led the company’s tremendous growth and transformation from a linear satellite broadcaster into one of Europe’s largest multi-platform TV providers. His experience will lend valuable insights to Disney’s board and management in navigating the strategic expansion of DTC offerings and changing media and entertainment landscapes, as well as perspectives on creative content investment and brand evolution. As the former CFO of Sky, Darroch also has extensive expertise in finance, accounting, and risk management. He is a director and the pending Chairman of Reckitt Benckiser Group plc. Darroch was knighted by King Charles III in June.

“I am thrilled to join the board of directors of one of the most beloved brands in the world at such a pivotal moment for the company,” said Sir Darroch. “I look forward to working closely with my fellow board members to advise Disney’s executive leadership on the implementation of their strategic priorities designed to drive sustained growth and create long-term shareholder value.”

He holds a bachelor’s degree in economics from the University of Hull.

About The Walt Disney Company

The Walt Disney Company with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes three business segments: Entertainment, Sports, and Experiences.

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