Oracle CEO Safra Catz Steps Down from Disney Board

Catz's resignation marks the end of her six-year tenure, reducing Disney's board to 11 members.

Catz did not provide a reason for her departure from Disney's board.
Disney CEO Bob Iger praised Catz's contributions to the company's strategic planning.
Catz's exit follows a recent proxy battle involving activist investor Nelson Peltz.
Larry Ellison, Oracle co-founder, has increased his involvement in the entertainment sector.
David Ellison, Larry's son, recently acquired Paramount Global through Skydance Media.