John Malone has decided not to stand for re-election to the Warner Bros Discovery Board of Directors, the company has announced.
Dr Malone will transition to the role of Chair Emeritus, allowing him to regularly attend Board meetings and provide strategic counsel and support to the Board and management team.
“John possesses one of the most brilliant strategic minds our industry has ever known. His exceptional insights and visionary perspective on the global media landscape and its future have been invaluable to me personally and pivotal in shaping the trajectory and remarkable growth of Discovery and now at Warner Bros. Discovery. Working alongside John has profoundly enriched our ability to navigate complex challenges, seize transformative opportunities, and create lasting value.” said David Zaslav, President and Chief Executive Officer of Warner Bros. Discovery. “As Chair Emeritus, John’s unparalleled counsel, deep expertise, and clarity of vision will continue to shape our leadership team and Board’s decisions as we unlock the full potential of our business. The partnership and friendship we’ve built over more than 30 years has been one of the true joys of my career, and I’m looking forward to continuing this journey with John in this new role.”
A company filing said the 84 year-old cable vereran’s decision was not as the result of any disagreement.
“It has been a privilege to serve on the Warner Bros. Discovery Board and work alongside David and his exceptional team to help guide the company through an industry-defining merger and its ongoing transformation. A constant through this journey has been my long-standing partnership with David, built on deep trust and his powerful combination of operational excellence and decisive leadership,” said Dr. Malone.
Warner Bros. Discovery intends to nominate General Atlantics’s Anton Levy for election by stockholders at its upcoming Annual Meeting.
