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The Walt Disney Co. will be losing two of its board members, the company announced Friday in a securities filing.
Sheryl Sandberg, the chief operating officer of Facebook, and Jack Dorsey, the CEO of Twitter, are stepping down and won't seek re-election at the company's meeting next month.
Disney - Departures - Conflicts - Interest - Media
Disney said the reasoning behind their departures are due to potential conflicts of interest that may arise as media and technology continue to merge.
'Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to board matters,' Disney said.
Neither has addressed their departure.
Disney has begun to delve into video programming, an area that Twitter and Facebook are also branching into.
Dorsey - Company - Year - Video - Streaming
Dorsey's company announced last year video streaming...
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