- Dr. John C. Malone transitions to Chair Emeritus of Warner Bros. Discovery (WBD, Financial) Board in 2025.
- WBD nominates Anton Levy for Board election, maintaining 13 directors with 12 independent members.
- Dr. Malone to continue providing strategic guidance while remaining a significant stockholder.
Warner Bros. Discovery, Inc. (WBD) has announced that Dr. John C. Malone will transition to the role of Chair Emeritus after his term expires at the 2025 Annual Meeting of Stockholders. In this new capacity, Dr. Malone will continue to attend Board meetings and provide strategic advice to the Board and management team. Despite not seeking re-election, Dr. Malone will remain actively involved with WBD, leveraging his significant stockholder status to influence the company's strategic direction.
The company plans to nominate Anton Levy for election at the upcoming Annual Meeting. This move will ensure that WBD's Board continues to comprise 13 directors, with a strong emphasis on independence as 12 members are independent. The Board Chair, Samuel A. Di Piazza, Jr., recognized Dr. Malone's instrumental role in developing the strategy of WBD and navigating the complex media landscape.
CEO David Zaslav praised Dr. Malone's strategic vision, stating, "His exceptional insights and visionary perspective on the global media landscape have been invaluable." Dr. Malone expressed his confidence in WBD's strategic path and will continue to be a pivotal part of shaping the company’s direction and growth prospects as a Chair Emeritus and significant stockholder.
