Disney Names Sybase CEO John Chen to Board - TheStreet

Disney Names Sybase CEO John Chen to Board

It fills one of the two vacancies created earlier this week.
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Disney named

Sybase

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Chief Executive John S. Chen to its board, filling one of the two vacancies created in the acrimonious departure of Roy Disney and Stanley Gold earlier this week.

Disney, the nephew of Walt Disney and the last family member with a role at the company, and Gold resigned this week, saying Monday they would encourage shareholders to oust CEO Michael Eisner. Since Roy Disney resigned from the board, Disney's stock has dropped 59 cents, or 2.5%, to $22.58.

Chen, 48, is also a board member of

CIT Group

(CIT) - Get Report

and the U.S. Chamber of Commerce.