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Disney Board Elects Mastercard’s Michael Froman as Newest Director

September 13, 2018

BURBANK, Calif.--(BUSINESS WIRE)--Sep 13, 2018--The Walt Disney Company (NYSE: DIS) Board of Directors today announced the election of a new director: Ambassador Michael Froman, Vice Chairman and President, Strategic Growth at Mastercard. The election of Mr. Froman to the Board is effective immediately.

“Given his broad experience and extraordinary career spanning both the public and private sectors, Mike brings a unique perspective that will be extremely valuable as we continue to build the future of Disney,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “In particular, his keen insights into finance, international trade, and government partnerships make him a great fit for our Board during this dynamic era of innovation and global growth.”

Mr. Froman said: “The Walt Disney Company is an iconic brand that has the power to inspire generation after generation. I am honored to join the Board and share my experiences and insights to help this great company explore new opportunities around the world.”

Mr. Froman was named Vice Chairman and President, Strategic Growth at Mastercard in April 2018. In this role, he is responsible for building and expanding strategic partnerships and advancing the company’s efforts to partner with governments, NGOs and other institutions to address major societal and economic issues. Mr. Froman also oversees Mastercard’s Center for Inclusive Growth, which works to ensure economic growth opportunities are extended to all segments of society.

Before joining Mastercard, Mr. Froman served as US Trade Representative from 2013 to 2017, negotiating major international trade partnerships and investment opportunities on behalf of the United States. Prior to taking that post, Mr. Froman served as assistant to the President and deputy national security advisor for international economic affairs under President Barack Obama. Mr. Froman’s previous private sector experience includes several leadership positions at Citigroup, including CEO of CitiInsurance and COO of Citi’s $50 billion alternative investments business. Earlier in his career, Mr. Froman served in the Clinton administration, holding positions both at the US Department of Treasury and the White House.

He currently serves as a Distinguished Fellow of the Council on Foreign Relations.

About The Walt Disney Company

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company with operations in four business segments: Media Networks; Studio Entertainment; Parks, Experiences and Consumer Products; and Direct-to-Consumer and International. Disney is a Dow 30 company and had annual revenues of $55.1 billion in its Fiscal Year 2017.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180913005908/en/

CONTACT: The Walt Disney Company

Zenia Mucha

zenia.mucha@disney.com

(818) 560-5300

or

David Jefferson

david.j.jefferson@disney.com

(818) 560-4832

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO FILM & MOTION PICTURES GENERAL ENTERTAINMENT THEME PARKS

SOURCE: The Walt Disney Company

Copyright Business Wire 2018.

PUB: 09/13/2018 03:00 PM/DISC: 09/13/2018 03:00 PM

http://www.businesswire.com/news/home/20180913005908/en

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