UPDATE 1-Li Haslett Chen to resign from Warner Bros Discovery Board
Adds an explanation for Chen's departure from the board
Dec 30 (Reuters) - Li Haslett Chen, a member of the Warner Bros. Discovery WBD.O board and a member of the company's Nominating and Corporate Governance Committee, will resign from her positions, effective Jan. 31, 2025, the company disclosed in a regulatory filing on Monday.
Chen, who joined the board in April 2022, issued a statement saying she needed to spend more time at her company, Howl, described as a new marketplace for social media creators and brands to collaborate.
"As Howl enters a major phase of growth in 2025, I have decided to dedicate my full attention to the company," Chen said in a statement Monday.
Chen could not immediately be reached for comment.
Warner Bros Discovery is expected to fill the vacancy on its board.
(Reporting by Rishi Kant in Bengaluru and Dawn Chmielewski in Los Angeles; Editing by Alan Barona and David Gregorio)
((Rishi.Kant@thomsonreuters.com))
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