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Oracle CEO Safra Catz Exits Disney’s Board

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Todd Spangler NY Digital Editor Disney announced that Safra Catz, CEO of Oracle, is departing its board of directors after six years.

Disney and Catz did not provide an explanation for why she stepped down from the Mouse House’s board. With Catz’s departure, the size of Disney’s board has been reduced from 12 directors to 11.

According to a Disney filing with the SEC, Catz informed the company on Thursday (July 18) that she would leave the board. Disney’s board was in the spotlight earlier this year when activist investor Nelson Peltz tried to win a pair of seats (one for himself and one for ex-Disney CFO Jay Rasulo) in a monthslong proxy fight.

Peltz had accused Disney’s board members of falling down on the job, specifically with respect to vetting a CEO successor for Iger.

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