Oracle CEO Safra Catz Resigns From Disney Board

Safra A. Catz, the CEO of Oracle Corp., is leaving The Walt Disney Company's board of directors after serving for six years, leading to a reduction in the board's size from 12 to 11 members. Catz's departure, effective immediately, was not accompanied by a specific reason from Disney, though potential conflicts of interest due to Oracle Chairman Larry Ellison's involvement in the Skydance takeover of Paramount have been speculated. Disney CEO Bob Iger expressed gratitude for Catz's contributions to the company's strategic planning. Catz herself stated her pride in fortifying Disney's strengths and legacy of innovation. The board reduction follows a recent dispute with activist investor Nelson Peltz seeking board seats, adding to the ongoing changes within Disney's leadership structure.