Disney Planning to Expand Board with Addition of Tech Executive Carolyn Everson

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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