The Walt Disney Company Board Appoints Morgan Stanley's James P. Gorman And Veteran Media Executive Sir Jeremy Darroch As New Directors
Portfolio Pulse from Benzinga Newsdesk
The Walt Disney Company (NYSE:DIS) has appointed James P. Gorman, CEO of Morgan Stanley, and Sir Jeremy Darroch, former CEO of Sky, as new directors effective January and February 2024, respectively. The appointments aim to strengthen Disney's board with expertise in financial management and international media, aligning with strategic growth and shareholder value. Francis A. deSouza will not seek reelection to focus on new technology ventures.
November 29, 2023 | 9:33 pm
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POSITIVE IMPACT
Disney's board appointments of James P. Gorman and Sir Jeremy Darroch are expected to bring valuable financial and media expertise to the company, potentially positively influencing Disney's strategic direction and shareholder value.
The addition of high-profile executives to Disney's board is likely to be viewed positively by investors, as it suggests a commitment to leveraging expertise for strategic growth and adapting to the evolving media landscape. This could lead to increased investor confidence and a potential uplift in stock price in the short term.
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RELEVANCE 90