Oracle CEO Safra Catz to depart Walt Disney board
Walt Disney Co. (DIS.N) announced on Friday that Oracle Corp. (ORCL.N) Chief Executive Officer Safra Catz is leaving the entertainment company's board after serving for six years.Catz joined Disney's board in 2017 alongside Francis deSouza, the former CEO of Illumina Inc. (ILMN.O).
LD Web Desk 
Their appointments came during a pivotal time for Disney, as the company was in the process of acquiring Twenty-First Century Fox Inc.'s media assets.
During her tenure, Catz contributed to significant strategic decisions and oversight as Disney navigated through major acquisitions and transformations in the media landscape.
With Catz's departure, Disney's board will now consist of 11 members. The company has not yet announced a replacement for Catz on the board.In a statement, Disney expressed its gratitude for Catz's service and contributions. The company highlighted her strategic insights and leadership as valuable assets during her time on the board.
Safra Catz has not publicly commented on her departure from Disney's board. However, her decision to step down comes as she continues to lead Oracle, focusing on the company's growth and innovation in the technology sector.
Disney CEO Robert Iger said Catz "has provided invaluable insight that has helped shape (Disney's) long-term strategic planning amid a rapidly changing technological landscape."
Catz's tenure on Disney's board coincided with a period of significant transformation for the company. The acquisition of Twenty-First Century Fox's assets in 2019 was a landmark deal, expanding Disney's portfolio and enhancing its position in the global media and entertainment industry.
