Walt Disney Company (ticker: DIS, exchange: New York Stock Exchange (.N))
News Release -
Sybase Chairman, CEO, and President Chen Elected to Disney Board of Directors
BURBANK, Calif.--(BUSINESS WIRE)--Dec. 2, 2003--The Walt Disney
Company (NYSE: DIS) Board of Directors Tuesday elected John S. Chen,
chairman, CEO and president of Sybase, Inc., as a new independent
director, effective January 2004.
"John Chen's more than two decades of success as a business
leader, and his expertise in the field of technology, made him an
excellent addition to the Disney board," said Michael Eisner, Disney
chairman and chief executive officer. From a strategic perspective,
some of Disney's most significant long-term growth opportunities
reside in the smart use of technology, and John will help the board
ensure we're steering the company in the right direction."
Chen said he was pleased to be invited to join the Disney board,
and he is enthusiastic about the company's initiatives to take
advantage of the latest trends in technology to develop content as
well as distribute it in new and more efficient ways.
"Disney is at the forefront of the convergence between media and
technology, and it is exciting to be able to play a strategic role in
that process," Chen said.
Born in Hong Kong and now a naturalized U.S. citizen, Chen, 48,
joined Sybase, Inc. as president in 1997, and is credited with
engineering that company's turnaround and sustained growth and
profitability. Chen assumed the role of chairman and CEO of Sybase in
1998. He started his career in technology with Unisys Corp., rising to
group vice president and general manager. Before joining Sybase, he
was president and CEO of a Bay-area division of Siemens Nixdorf
Informationsysteme, A.G., which is headquartered in Germany.
Chen graduated Brown University in 1978 with a bachelor's degree
in electrical engineering (with honors), and earned his master's
degree in electrical engineering from the California Institute of
Technology in Pasadena in 1979.
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CONTACT: The Walt Disney Company
Zenia Mucha, 818-560-5300
John Spelich, 818-560-8543
SOURCE: The Walt Disney Company