Carolyn Everson, who co-founded Pets.com and helped construct Facebook’s advertising business, has been named to the board of The Walt Disney Co. Officials at the Burbank-based company said Everson’s appointment had been approved by Daniel Loeb’s Third Point LLC hedge fund.
Disney officials said on Friday that Third Point had signed off on Everson’s appointment to the board. The fund also agreed to buy no more than 2% of outstanding Disney shares, among other provisions.
Loeb had been lobbying for Disney to spin off ESPN, but softened his stance earlier this month.