Fb's Sandberg, Twitter's Dorsey to go away Disney board

Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey to exit Disney board

Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey to exit Disney board

According to documents filed with the Securities and Exchange Commission Friday, Disney said both Sandberg and Dorsey are not standing for re-election at the annual meeting scheduled for March 8, due to conflicts relating to matters before the board.

A Disney spokesperson says it has become "increasingly hard for them to avoid conflicts relating to board matters".

Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey to exit Disney board

The CEO of Twitter and COO of Facebook are leaving Disney's board due to conflicts of interest, as Disney gears up to launch a digital streaming service to rival Netflix.

In addition to the departures from Sandberg and Dorsey, Disney announced that independent director Orin Smith and private investor Robert Matschullat would not be running for re-election on the board, citing term and age limits. They include General Motors CEO Mary Barra, Nike CEO Mark Parker and Oracle CEO Safra Catz, whose election in December to the board takes effect on February 1.

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