Facebook's chief operating officer Sheryl Sandberg and Twitter's chief executive officer Jack Dorsey are slated to step down from their posts on the Walt Disney's board.
“Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to board matters,” Disney said in a filing on Friday reported by Bloomberg.
The departures come as links between media and technology companies have increased in recent years, creating new conflicts of interest.
Facebook and Twitter have both expressed interest in delving into video programming, for example, while Twitter has announced new partnerships for video streaming services, including with some of Disney's competitors.
In addition to the departures of Sandberg and Dorsey, Disney announced that independent director Orin Smith and private investor Robert Matschullat would not be running for reelection on the board, citing term and age limits for board members.