Disney Board Loses Oracle CEO Catz

By Bobby Samwell • Saturday, July 20 07:58 • Permanent Link

The Walt Disney Company (NYSE: DIS) has announced the departure of Safra A. Catz, Chief Executive Officer of Oracle Corp., from its Board of Directors after six years of service. With her departure, the size of Disney's Board has been reduced from 12 directors to 11.

In the fiscal year 2023, The Walt Disney Company reported annual revenue of $88.9 billion. This marks a significant figure in the company's financial performance.

The departure of Safra A. Catz represents a change in the composition of Disney's Board of Directors, and it will be interesting to observe the impact of this change on the company's strategic direction and decision-making processes moving forward. Today the company's shares have moved -1.1% to a price of $95.74. For more information, read the company's full 8-K submission here.

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