Warner Bros. Discovery Board Member Li Haslett Chen Announces Plan To Step Down

deadline.com:

More change is afoot for the board of directors of Warner Bros. Discovery, as Li Haslett Chen has announced her plan to resign her board seat on January 31.

A brief SEC filing Monday revealed the move by Chen, who is founder and CEO of tech platform Howl. She had been one of the original board members designated in 2022 as WarnerMedia was getting set to close its $43 billion merger with Discovery.

The filing noted that Chen’s term was scheduled to expire at the company’s annual shareholder meeting in 2025. It also said her resignation “was not the result of any disagreement with the company on any matter relating to the company’s operation, policies or practices.” Last April, WBD announced that Steven A.

Miron and Steven O. Newhouse had resigned as directors. They departed the board after the U.S. Department of Justice informed them it was investigating whether their service violated Section 8 of the Clayton Antitrust Act.