Walt Disney Names Darroch, Morgan Stanley's Gorman to Board
November 29 2023 - 5:24PM
Dow Jones News
By Denny Jacob
Walt Disney Co.'s board appointed Morgan Stanley CEO James
Gorman and former Sky CEO Jeremy Darroch as new directors.
The entertainment giant said Darroch's appointment is effective
Jan. 9, while Gorman's is effective Feb. 5.
Disney said the appointments reflect its commitment to a strong
board focused on the long-term performance of the company,
strategic growth initiatives, the succession planning process and
increasing shareholder value, according to a regulatory filing.
Gorman has been chief executive of Morgan Stanley since 2010 and
is expected to be succeeded by Ted Pick on Jan. 1, 2024.
The appointments come as Disney is in a battle with activist
investor Nelson Peltz, whose firm has acquired a substantial Disney
stake and is pushing for board seats.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
November 29, 2023 17:09 ET (22:09 GMT)
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