Oracle's Safra Catz among two new members named to Disney board

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December 7, 2017 7:36 PM EST

FILE PHOTO - Safra A. Catz, Chief Executive Officer, Oracle, speaks at 2017 SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., June 19, 2017. REUTERS/Joshua Roberts

(Reuters) - Media company Walt Disney Co (NYSE: DIS) on Thursday named Oracle Corp's (NYSE: ORCL) chief executive, Safra Catz, and her counterpart at Illumina Inc (NASDAQ: ILMN), Francis A. deSouza, to its board.

Disney said their election would be effective Feb. 1 but it was yet to decide on which committees they would serve on.

The company currently has 12 members on its board, including Facebook Inc's (NASDAQ: FB) Sheryl Sandberg and Twitter Inc's (NYSE: TWTR) Jack Dorsey.

The election of the two new members comes at a time when Disney is said to be in the lead to acquire much of Twenty-First Century Fox Inc's (NASDAQ: FOXA) media empire.

Disney Chief Executive and Chairman Bob Iger contemplates on extending his tenure past 2019 to facilitate the integration of Fox's assets if a deal is completed, the Wall Street Journal reported on Wednesday.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva)


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