Facebook's Sheryl Sandberg, Twitter's Jack Dorsey to depart Disney Board

Facebook’s Sheryl Sandberg and Twitter’s Jack Dorsey are stepping down from Walt Disney’s board as the increasing competition between media and technology companies creates new conflicts.

Sandberg, Facebook’s chief operating officer, and Dorsey, Twitter’s chief executive officer, aren’t running for re-election at the annual meeting scheduled for March 8, according to a Disney filing. Orin Smith, the 75-year-old lead independent director, and Robert Matschullat, 70, also won’t stand for re-election because of term and age limits for board members.

“Given our evolving business and the businesses Sandberg and Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating