Disney Adds Two New Board Members
Oracle Corp. CEO Safra Catz and Illumina CEO Francis deSouza will officially join on Feb. 1.
The Walt Disney Company, which is still mulling a bid for most of the assets owned by Rupert Murdoch's 21st Century Fox, will add two new board members — one from the world of technology, the other from biotechnology.
Disney said Thursday it has elected Safra Catz, CEO of Oracle Corp., and Francis deSouza, CEO of Illumina, to its board, which they will officially join on Feb. 1.
"Ms. Catz has led Oracle through a period of tremendous growth and innovation since taking the helm in 2014, driving the company's impressive acquisition strategy," Disney CEO Bob Iger said.
Catz also was a member of the executive committee of then-president elect Donald Trump's transition team. After Trump took office, he considered offering Catz a post in his administration.
Larry Ellison founded Oracle in 1977, and it is now considered the world's second-largest maker of software, having reported $38 billion in revenue in its latest fiscal year. Ellison's daughter is Megan Ellison, founder of Annapurna Pictures, and his son is David Ellison, founder of Skydance Media.
As for deSouza, he was named CEO of Illumina 21 months ago. The company is known in part for some pioneering work in genomic sequencing.
"Mr. deSouza has overseen the development of groundbreaking genomics technology at Illumina that pushes the boundaries of science, significantly impacting the well-being of people around the world," Iger said.
Disney's board currently consists of 12 directors: eight men and four women.