Disney also said Nike Executive Chairman Mark Parker would become the next chairman of its board.
. The firm said it plans to file a proxy statement with federal regulators Thursday.
"Trian's objective is to create sustainable, long-term value at Disney by working WITH Bob Iger and the Disney Board," the firm said. "We recognize that Disney is undergoing a period of significant change and we are NOT trying to create additional instability." "While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, the Board does not endorse the Trian Group nominee, and recommends that shareholders not support its nominee, and instead vote for all the company's nominees," Disney said.
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