Warner Bros. Discovery introduced that it intends so as to add Anton Levy, former head of world know-how at private-equity agency Normal Atlantic, as an impartial director to its board.
Levy’s appointment was the results of stress from Sessa Capital, which has a couple of 1% stake in Warner Bros. Discovery, the Wall Avenue Journal reported, citing nameless sources. Sessa has been pushing WBD so as to add new board members and transfer extra shortly on restructuring the enterprise to probably spin off or promote its cable networks, per the report. (WBD and Sessa Capital reps didn’t reply to requests for remark.)
The announcement of Levy becoming a member of the board follows WBD’s appointments of two impartial administrators in January: SoFi CEO Anthony Noto and Joey Levin, chairman of Angi and former CEO of Barry Diller’s IAC.
Samuel Di Piazza Jr., chairman of the Warner Bros. Discovery board of administrators, mentioned in an announcement that he “respect[s] the engagement we’ve had from shareholders, together with useful enter from John Petry, managing member of Sessa Capital, as a part of that course of.”
Piazza mentioned that Levy’s addition “is in keeping with the dedication we introduced in December [2024] to proceed to boost the board with trade consultants with monitor data of worth creation. We sit up for working with Anton as we proceed to supervise the execution of Warner Bros. Discovery’s technique to unlock worth for shareholders.”
Levy is at present an Advisory Director at Normal Atlantic and beforehand served as Normal Atlantic’s Co-President and Chairman of World Expertise. Anton has important investing expertise and an distinctive monitor document of worth creation, having led lots of Normal Atlantic’s most notable investments in main know-how firms, corresponding to Airbnb, Alibaba Group, Crowdstrike, Fb, Klarna AB, Mercado Libre, Slack, Snapchat, Squarespace and Uber.
“We’re making significant progress to attain our imaginative and prescient for Warner Bros. Discovery and harness the facility of our distinctive, world-class property to drive worthwhile progress,” mentioned David Zaslav, President and Chief Government Officer of Warner Bros. Discovery. “We proceed to maneuver ahead with urgency to enhance efficiency and place our companies for achievement over the near- and long-term amid the evolving trade panorama. We’re assured that Anton will add precious views as we proceed to take steps to drive long-term worth for shareholders.”
For his service on the WBD board, Levy in 2025 will obtain $240,000 in inventory retainers and $105,000 in money retainers, per the corporate’s present compensation program for non-employee administrators, in response to an SEC submitting Monday from Warner Bros. Discovery.
Levy is at present an Advisory Director at Normal Atlantic, a number one world investor with greater than $103 billion in property underneath administration. Mr. Levy started his profession at Normal Atlantic in 1998 and has held a lot of senior management roles, together with serving as Co-President and Chairman of World Expertise till January 2025 and on the agency’s Funding, Portfolio and Government Committees. He led lots of Normal Atlantic’s most notable investments in know-how firms, such Airbnb, Alibaba Group, Crowdstrike, Fb, Klarna AB, Mercado Libre, Slack, Snapchat, Squarespace and Uber.
Levy obtained a B.S. from the McIntire College of Commerce on the College of Virginia and an M.B.A. from the Columbia Enterprise College.
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