Media mogul and cable TV pioneer John Malone has decided not to seek re-election to the board of Warner Bros Discovery and will instead take on the role of Chairman Emeritus.
Malone backed Warner Bros. Discovery CEO David Zaslav in his 2021 move to merge Discovery with WarnerMedia. Malone was a major stakeholder in Discovery at the time.
As Chair Emeritus, Malone will continue to regularly attend board meetings at Warner Bros. Discovery and will provide strategic counsel and support to the management team.
In addition to being a major investor in Warner Bros. Discovery, Malone runs Liberty Media Corporation and Liberty Broadband Corporation, as well as Liberty Global Plc.
Zaslav said: "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.”
“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 Malone.
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