The Walt Disney Co. Board of Directors has named Derica Rice as a nominee to stand for election as a director at Disney’s annual meeting March 7. Rice was previously executive vice president of global services and chief financial officer for Eli Lilly and Co.
Including Rice, nine nominees will run for election as directors at the meeting. As a result of Disney Board policies that limit tenure to 15 years and set the retirement age to 74, three board members will be resigning: John Chen, Aylwin Lewis and Fred Langhammer.
“As a well-respected leader in a dynamic, consumer-facing industry, Mr. Rice will bring a wealth of expertise and experience to our Board,” Robert A. Iger, chairman and chief executive officer for The Walt Disney Company, said in a news release. “We look forward to his insight and perspective as we continue to position the Company for long-term growth during this transformative era.”