Sheryl Sandberg and Jack Dorsey won't seek re-election to Walt Disney board

Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey to exit Disney board

Twitter, Facebook moves into digital entertainment lead to CEO, COO removal from Disney board

Chief Operating Officer Sheryl Sandberg and Twitter Inc.

According to documents filed with the Securities and Exchange Commission Friday, Disney said both Sandberg and Dorsey are not standing for re-election at the annual meeting scheduled for March 8, due to conflicts relating to matters before the board.

With Disney planning to put ESPN online, Twitter live-streaming sports like NFL football, and Facebook prioritizing live video, online video is a likely area of overlap.

The move came into light after Disney's annual proxy statement had Sandberg's and Dorsey's names missing from the list of directors standing for re-election. Former Seagram Company vice chairman Robert Matschullat will depart because of a 15-year term limit. They include General Motors CEO Mary Barra, Nike CEO Mark Parker and Oracle CEO Safra Catz, whose election in December to the board takes effect on February 1.

Representatives for Facebook and Twitter had no comment.

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