, who will lead the new company, will be a Discovery designee to the WBD Board. As agreed in the initial merger proposal last May, Discovery gets six designated board members and AT&T gets seven. John Malone, a billionaire and widely respected media veteran, is one of the key Discovery choices and had long advocated for the merger with WarnerMedia.
Current AT&T board members being named to the WBD Board will step down from their AT&T board positions upon the closing of the combination. “I look forward to working alongside and benefiting from the collective experience of this group of distinguished leaders,” Zaslav said. “This board brings diverse personal perspectives, strong track records and invaluable industry knowledge. Its stewardship will help establish the company as the premier creator of impactful storytelling across genres and platforms.”
The merger was approved last week by Discovery shareholders, clearing the final hurdle before it can be completed. Only administrative and procedural steps remain, and expectations are for the ink to dry by early April. Here, in alphabetical order, are the rest of the board members, whose terms will begin as soon as the deal closes:– a Discovery director since 2008 and managing director of Hilltop Investments, a private investment company– former CEO of the Federal Reserve Bank of Dallas from 2005 until 2015.– A Discovery, Inc. director since 2008 and managing director and EVP at investment bank Allen & Co.
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