Mastercard's Michael Froman Joins Disney Board

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Michael Froman

Froman was an assistant to Barack Obama before he was hired as vice chairman and president of strategic growth for Mastercard.

The Walt Disney Company on Thursday announced that Ambassador Michael Froman, a Mastercard executive and former cabinet member under President Barack Obama, has joined the board as its 11th director.

With Froman's addition, the board of directors at Disney consists of seven men and four women.

Froman served as the U.S. Trade Representative from 2013-2017 and was an assistant to Obama and to the deputy national security advisor for international economic affairs. In April, he was hired as vice chairman and president of strategic growth for Mastercard.

"His keen insights into finance, international trade and government partnerships make him a great fit for out board during this dynamic era of innovation and global growth," said Disney CEO Bob Iger.

Disney "is an iconic brand that has the power to inspire generation after generation," said Froman. "I'm honored to join the board and share my experiences and insights to help this great company explore new opportunities around the world."

Earlier this year, Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey left Disney's board citing potential conflicts of interest.