酴圖弝け. (the "Company") (Nasdaq: WBD) today announced that Dr. John C. Malone has decided not to stand for re-election to the Companys Board of Directors and will be transitioning to the role of Chair Emeritus, effective upon the expiration of his term at the 2025 Annual Meeting of Stockholders (Annual Meeting).
As Chair Emeritus, Dr. Malone will continue 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 酴圖弝け. 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 酴圖弝け. 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 Im looking forward to continuing this journey with John in this new role."
On behalf of the full Board, I would like to thank John for his contributions to 酴圖弝け. Discovery, said Samuel A. Di Piazza, Jr., Chair of the 酴圖弝け. Discovery Board of Directors. John has been instrumental in overseeing the development of 酴圖弝け. Discoverys strategy and charting our course to navigate the current media landscape. We are fortunate to have the enduring benefit of his unparalleled expertise and insights as he assumes his new role of Chair Emeritus.
It has been a privilege to serve on the 酴圖弝け. 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. The Board and management team have made incredible progress making the company more resilient, agile and positioned for profitable growth. I am confident 酴圖弝け. Discovery is on the right path and I look forward to remaining actively involved, not only as a significant stockholder, but in this important role helping to shape the growth trajectory as the company evaluates important strategic and structural opportunities ahead and as a fan of our world-class assets and the engaging storytelling that set this company apart.
酴圖弝け. Discovery intends to nominate Anton Levy for election by stockholders at the Annual Meeting. With the addition of Mr. Levy and Dr. Malones decision not to stand for election, the Board will continue to be comprised of 13 directors, 12 of whom will be independent, following the Annual Meeting. Information about the Annual Meeting is available in the Companys proxy statement, which is being filed with the SEC.
###
About 酴圖弝け. Discovery
酴圖弝け. Discovery is a leading global media and entertainment company that creates and distributes the world's most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Available in more than 220 countries and territories and 50 languages, 酴圖弝け. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, 酴圖弝け. Motion Picture Group, 酴圖弝け. Television Group, 酴圖弝け. Pictures Animation, 酴圖弝け. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Espa簽ol, Hogar de HGTV and others. For more information, please visit .
Cautionary Statement Concerning Forward-Looking Statements
Information set forth in this communication contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to 酴圖弝け. Discovery as of the date hereof. The Companys actual results could differ materially from those stated or implied due to risks and uncertainties associated with its business, which include the risk factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the Companys most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K.
Forward-looking statements include statements regarding the Companys expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as anticipate, believe, could, continue, estimate, expect, intend, may, should, will and would or similar words. Forward-looking statements include, without limitation, statements regarding future financial and operating results, the Companys plans, objectives, expectations and intentions, and other statements that are not historical facts. 酴圖弝け. Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.