Disney eyes Facebook exec

Sandberg nominated for director post; shareholders to vote

The Walt Disney Co. has nominated Sheryl Sandberg, COO of Facebook, as a new independent director.

Shareholders will vote on her nomination and the re-election of the company's other 12 directors at the entertainment conglomerate's annual shareholder meeting on March 10 in San Antonio.

"Sheryl is an outstanding executive who can add incredible value to what is already a diverse and highly experienced group of directors," said Disney chairman John Pepper Jr. "She brings great expertise in the online world, considerable international experience and a deep understanding of consumer behavior."

Sandberg, 40, has served as COO of Facebook since March 2008. Before that, she was vp of global online sales and operations for Google.

She is also a former chief of staff of the United States Treasury Department, a management consultant with McKinsey & Co. and an economist with The World Bank.

"Sheryl has been at the forefront of a technological revolution that's opened up a world of new possibilities for consumers and which has greatly affected the way we do business," said Disney CEO Robert Iger.