Disney Appoints New Board Member in Standstill Deal With Loeb

Walt Disney Co. added a new member to its board as part of a standstill agreement with activist investor Dan Loeb.

Carolyn Everson

Source: Business Wire

Carolyn Everson, a former executive with Instacart and Facebook, will join the company’s board in November, according to a statement Friday.

As part of the agreement, Loeb’s Third Point LLC won’t seek to replace other board members, make shareholder proposals or acquire more than 2% of Disney shares until April 2024 or until she leaves. Everson, 50, also holds board seats at Coca-Cola Co. and Creative Artists Agency, according to Disney.

Loeb wrote a letter ...