Disney Board Elects Mastercard’s Michael Froman as Newest Director
September 13 2018 - 3:00PM
Business Wire
Former US Trade Representative Brings Wealth
of Experience in International Markets
The Walt Disney Company (NYSE: DIS) Board of Directors today
announced the election of a new director: Ambassador Michael
Froman, Vice Chairman and President, Strategic Growth at
Mastercard. The election of Mr. Froman to the Board is effective
immediately.
“Given his broad experience and extraordinary career spanning
both the public and private sectors, Mike brings a unique
perspective that will be extremely valuable as we continue to build
the future of Disney,” said Robert A. Iger, Chairman and Chief
Executive Officer, The Walt Disney Company. “In particular, his
keen insights into finance, international trade, and government
partnerships make him a great fit for our Board during this dynamic
era of innovation and global growth.”
Mr. Froman said: “The Walt Disney Company is an iconic brand
that has the power to inspire generation after generation. I am
honored to join the Board and share my experiences and insights to
help this great company explore new opportunities around the
world.”
Mr. Froman was named Vice Chairman and President, Strategic
Growth at Mastercard in April 2018. In this role, he is responsible
for building and expanding strategic partnerships and advancing the
company’s efforts to partner with governments, NGOs and other
institutions to address major societal and economic issues. Mr.
Froman also oversees Mastercard’s Center for Inclusive Growth,
which works to ensure economic growth opportunities are extended to
all segments of society.
Before joining Mastercard, Mr. Froman served as US Trade
Representative from 2013 to 2017, negotiating major international
trade partnerships and investment opportunities on behalf of the
United States. Prior to taking that post, Mr. Froman served as
assistant to the President and deputy national security advisor for
international economic affairs under President Barack Obama. Mr.
Froman’s previous private sector experience includes several
leadership positions at Citigroup, including CEO of CitiInsurance
and COO of Citi’s $50 billion alternative investments business.
Earlier in his career, Mr. Froman served in the Clinton
administration, holding positions both at the US Department of
Treasury and the White House.
He currently serves as a Distinguished Fellow of the Council on
Foreign Relations.
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; Studio Entertainment; Parks,
Experiences and Consumer Products; and Direct-to-Consumer and
International. Disney is a Dow 30 company and had annual revenues
of $55.1 billion in its Fiscal Year 2017.
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The Walt Disney CompanyZenia Muchazenia.mucha@disney.com(818)
560-5300orDavid Jeffersondavid.j.jefferson@disney.com(818)
560-4832
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