The Magic Kingdom will get a touch of social networking as Disney nominated Facebook chief operating officer Sheryl Sandberg as an independent director.
Sandberg has been COO at the social-networking site since March 2008, overseeing global operations and managing sales, marketing, business development, human resources, public policy, privacy and communications. Prior to Facebook, she served as vice president of global online sales and operations at Google. She has also served as chief of staff for the United States Treasury Department, a management consultant with McKinsey & Co. and an economist with The World Bank.
Disney chairman John E. Pepper Jr. said:
Sheryl is an outstanding executive who can add incredible value to what is already a diverse and highly experienced group of directors. She brings great expertise in the online world, considerable international experience and a deep understanding of consumer behavior.
Disney president and CEO Robert A. Iger added:
Sheryl has been at the forefront of a technological revolution that’s opened up a world of new possibilities for consumers and that has greatly affected the way we do business. Her unique insight, born of great practical experience, will be of considerable value to Disney’s shareholders.
And Sandberg said:
Disney has remained an entertainment icon around the world for over 80 years by enthusiastically embracing change and new technologies. It’s a tremendous honor to be nominated to the Disney board.