All Walt Disney (DIS) Board Members Re-Elected at Shareholder Meeting
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Shareholders of The Walt Disney Company (NYSE: DIS) at the 2012 Annual Meeting today elected 10 members of the Board of Directors and approved the Board recommendations on the Company's auditor, its stock incentive plan and the advisory resolution on executive compensation, based on preliminary results.
Immediately following the annual meeting at the Westin Crown Center, Robert A. Iger, as expected, was formally elected Chairman in addition to his current role as Chief Executive Officer. The Board, as previously announced, took this action to secure Mr. Iger’s leadership through his expected retirement in 2016 to provide for an effective, seamless succession and management transition and a continuity of the Company’s proven strategy. The Board of Directors also unanimously elected Orin C. Smith, 69, as the new independent lead director. Mr. Smith, former President and CEO of Starbucks Corp., joined the board in 2006 and has served as chairman of the audit committee. Additional details regarding the independent lead director role are set forth in the Corporate Governance Guidelines.
Based on preliminary results, all Disney directors were reelected to the Board:
Immediately following the annual meeting at the Westin Crown Center, Robert A. Iger, as expected, was formally elected Chairman in addition to his current role as Chief Executive Officer. The Board, as previously announced, took this action to secure Mr. Iger’s leadership through his expected retirement in 2016 to provide for an effective, seamless succession and management transition and a continuity of the Company’s proven strategy. The Board of Directors also unanimously elected Orin C. Smith, 69, as the new independent lead director. Mr. Smith, former President and CEO of Starbucks Corp., joined the board in 2006 and has served as chairman of the audit committee. Additional details regarding the independent lead director role are set forth in the Corporate Governance Guidelines.
Based on preliminary results, all Disney directors were reelected to the Board:
- Susan Arnold
- John S. Chen
- Judith L. Estrin
- Robert A. Iger
- Robert W. Matschullat
- Fred H. Langhammer
- Sheryl Sandberg
- Aylwin B. Lewis
- Orin C. Smith
- Monica C. Lozano
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