Facebook's Sheryl Sandberg, Twitter's Jack Dorsey to leave Disney board

Los Angeles

FACEBOOK Inc's Sheryl Sandberg and Twitter Inc's Jack Dorsey are stepping down from Walt Disney Co's board as the increasing competition between media and technology companies creates new conflicts.

Ms Sandberg, Facebook's chief operating officer, and Mr Dorsey, Twitter's chief executive officer, aren't running for re-election at the annual meeting scheduled for March 8, according to a Disney filing last Friday. Orin Smith, the 75-year-old lead independent director, and Robert Matschullat, 70, won't stand for re-election either because of term and age limits for board members.