Li Haslett Chen, founder and CEO of social-media commerce firm Howl, is stepping down from Warner Bros. Discovery‘s board of administrators to dedicate herself full time to Howl.
Chen’s exit from WBD’s board is efficient Jan. 31, 2025. Her time period was scheduled to run out on the Warner Bros. Discovery 2025 annual assembly of stockholders.
Chen has served on the board of Warner Bros. Discovery since April 2022, when the media firm was shaped by the merger of Discovery Inc. and WarnerMedia. WBD credited her with enjoying “an important role in guiding the company through its strategic evolution” together with her experience in “direct-to-consumer go-to-market strategies, multisurface platform development and technology innovation.”
Chen, in an announcement supplied by WBD, mentioned, “In the past year, Howl has pioneered strategic partnerships with industry leading retail media networks and launched an innovative new platform. As Howl enters a major phase of growth in 2025, I have decided to dedicate my full attention to the company during this exciting time. It has been an honor to serve on the board of Warner Bros. Discovery for the past three years. I look forward to seeing Warner Bros. Discovery continue to thrive.”
In April of this 12 months, Steven Miron and Steven Newhouse resigned from the Warner Bros. Discovery board after the Justice Department knowledgeable them it was investigating “whether their service on the Board of Directors violated Section 8 of the Clayton Antitrust Act,” the corporate introduced. Miron, CEO of Condé Nast father or mother firm Advance/Newhouse Partnership and a senior govt officer on the Newhouse household’s funding enterprise Advance, and Newhouse, co-president of Advance, have been each impartial administrators of Warner Bros. Discovery.
In September 2024, Warner Bros. Discovery introduced that lawyer Daniel Sanchez, who’s WBD shareholder and board member John Malone’s nephew, was becoming a member of the WBD board efficient Oct. 1, 2024. Sanchez had beforehand served on the board of Discovery Inc.
According to an 8-Ok submitting Monday with the SEC, Chen notified WBD’s board on Dec. 28 of her choice to resign from the corporate’s board. Chen’s resignation “was not the result of any disagreement with the company on any matter relating to the company’s operation, policies or practices,” per the submitting.
Samuel Di Piazza Jr., chair of the Warner Bros. Discovery board, mentioned in an announcement, “On behalf of the board, I want to thank Li for her service and considerable contributions to Warner Bros. Discovery. Li has been an exceptionally engaged and dedicated member of the board, bringing unique insights and deep technology expertise that have been valuable as we have overseen management’s strategic progress. We wish Li the best in her future endeavors.”