Glendale, California – April 15, 2013 – DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today announced that at its upcoming annual meeting of stockholders, scheduled to be held on May 29, 2013, current directors Nathan Myhrvold and Richard Sherman will retire from the Company’s Board of Directors and Lucian Grainge, chairman and chief executive officer of Universal Music Group, and Jason Kilar, founding chief executive officer of Hulu, will be nominated for election as new Directors.
Myhrvold is the chief executive officer of Intellectual Ventures and has served on the DreamWorks Animation Board of Directors since the Company went public in October of 2004. Sherman is the chief executive officer of The David Geffen Company and has served as a DreamWorks Animation Board member since November 2008.
“Nathan has served on our board for nearly ten years during which time his unique perspective and wise counsel has been invaluable – he will truly be missed,” said Chief Executive Officer and Director Jeffrey Katzenberg. “Likewise, Richard has played a pivotal role in maximizing the potential of our business and I am incredibly grateful for his contributions over the years.”
Continued Katzenberg: “Looking ahead, I am beyond excited at the prospect of welcoming Lucian and Jason to our Board. They are true superstars in their respective fields – Jason revolutionized how we consume content and Lucian is one of the most innovative forces in the music industry. The addition of their expertise to our already incredibly strong board will help take the Company to new heights as we continue to grow our brand.”
Kilar was the founding CEO of Hulu and a pioneer in the field of digital content. Prior to building Hulu, Kilar served in key leadership positions with Amazon.com, including senior vice president of Worldwide Application Software and vice president and general manager of Amazon.com’s domestic books, music and video businesses. Kilar received his undergraduate degree at The University of North Carolina at Chapel Hill before receiving his MBA from Harvard Business School.
Grainge joined Universal Music Group in 1986 and has spent his entire career in the music industry. He has not only pioneered new approaches to the signing and development of the world’s most successful recording artists and songwriters but has also consistently championed the development of innovative business models and partnerships with a wide range of technology and media partners around the world. Grainge is also a member of the Board of Directors of Activision Blizzard, Inc.