Former Lilly CFO Seeks Spot on Disney Board

Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now

This audio file is brought to you by

0:00

0:00

Loading audio file, please wait.

Speed
1.00

• 0.25
• 0.50
• 0.75
• 1.00
• 1.25
• 1.50
• 1.75
• 2.00

The Walt Disney Company (NYSE: DIS) Board of Directors has named  Derica W. Rice as a  nominee to stand for election as a director at Disney’s annual meeting on March 7. Rice was previously executive vice president of global services and chief financial officer for Eli Lilly and Co. (NYSE: LLY).

Including Rice, nine nominees will run for election as directors at the meeting. As a result of Disney Board policies that limit tenure to 15 years and set the retirement age to 74, three board members will be resigning: John S. Chen, Aylwin B. Lewis and Fred H. Langhammer.

“As a well-respected leader in a dynamic, consumer-facing industry, Mr. Rice will bring a wealth of expertise and experience to our Board,” Robert A. Iger, chairman and chief executive officer for The Walt Disney Company, said in a news release. “We look forward to his insight and perspective as we continue to position the Company for long-term growth during this transformative era.”