Media billionaireJohn Maloneis exiting his seat on Warner Bros. Discoverysboard of directorsand will become chair emeritus.
WBD has been overhauling its board of late, in part due to pressure by an activist shareholder.
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John MaloneMichael Kovac/Getty Images for Vanity Fair
Discovery is on the right path.
He is known for masterminding complex financial transactions aimed at minimizing tax and debt burdens for investors.
