Disney Board Elects Oracle’s Safra Catz and Illumina’s Francis A. deSouza as Directors
December 07 2017 - 4:15PM
Business Wire
The Walt Disney Company (NYSE: DIS) Board of Directors announced
the election of two new directors: Safra Catz, Chief Executive
Officer of global-technology leader Oracle Corp., and Francis A.
deSouza, President and Chief Executive Officer of biotechnology
firm Illumina Inc. The elections of Ms. Catz and Mr. deSouza are
effective February 1, 2018.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171207006145/en/
Safra Catz, Chief Executive Officer of
Oracle Corp. (Photo: Business Wire)
“Safra Catz and Francis deSouza are extremely well-respected in
their fields, and each brings an innovative and valuable
perspective to our business,” said Robert A. Iger, Chairman and
Chief Executive Officer, The Walt Disney Company. “Ms. Catz has led
Oracle through a period of tremendous growth and innovation since
taking the helm in 2014, driving the company’s impressive
acquisition strategy and expanding its operations. Mr. deSouza has
overseen the development of groundbreaking genomics technology at
Illumina that pushes the boundaries of science, significantly
impacting the well-being of people around the world.”
“I am honored to join Disney’s board,” Ms. Catz said. “For
almost 100 years, Disney has continued to innovate and deliver an
unparalleled customer experience. As technology and entertainment
further converge, it’s an exciting time for the company and I look
forward to working with the board in continuing Disney’s rich
legacy of innovation.”
“It is a privilege to be a part of such an iconic institution,”
Mr. deSouza said. “At both Disney and Illumina, we have very
similar goals: to touch people’s lives. Disney does it through
first-class storytelling and Illumina does it through cutting-edge
science.”
Ms. Catz is Chief Executive Officer of Oracle and a member of
the company’s board of directors. She previously served as
President of Oracle and has also served as the company’s Chief
Financial Officer. Ms. Catz was Oracle’s Chief Financial Officer
from 2005 to 2008, Executive Vice President from 1999 to 2004, and
a Senior Vice President from April to October 1999. She was a
member of the board of directors for HSBC Holdings, one of the
world's largest banking and financial services organizations, from
2008 through 2015.
Mr. deSouza was appointed President and Chief Executive Officer
of Illumina in 2016 and is responsible for directing all aspects of
the company’s strategy, planning and operations. He initially
joined the company as President in 2013, and led Illumina’s
business units and core functions responsible for envisioning,
developing and producing the company’s products. He also is a
member of the company’s board of directors. Previously, Mr. deSouza
served as President of Products and Services at Symantec Corp.,
where he was responsible for driving the vision for the company’s
market-leading portfolio and served in a variety of executive
roles. He joined Symantec through the acquisition of IMlogic Inc.,
where he was co-founder and Chief Executive Officer.
About The Walt Disney
Company:
The Walt Disney Company, together with its subsidiaries, is a
diversified worldwide entertainment company with operations in four
business segments: Media Networks, Parks and Resorts, Studio
Entertainment, and Consumer Products & Interactive Media.
Disney is a Dow 30 company and had annual revenues of $55.1 billion
in its Fiscal Year 2017.
Trademarks:
Oracle and Java are registered trademarks of Oracle and/or its
affiliates.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171207006145/en/
The Walt Disney Company:Zenia
Mucha818-560-5300zenia.mucha@disney.comorDavid
Jefferson818-560-4832david.j.jefferson@disney.com
Walt Disney (NYSE:DIS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Walt Disney (NYSE:DIS)
Historical Stock Chart
From Apr 2023 to Apr 2024