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Gary Wilson resigns from Disney

Gary Wilson has resigned as a member of the board of The Walt Disney Co. after 21 years of service, the company said in a regulatory filing Friday.
/ Source: The Associated Press

Gary Wilson has resigned as a member of the board of The Walt Disney Co. after 21 years of service, the company said in a regulatory filing Friday.

Wilson, 65, is the chairman of Northwest Airlines Corp. and a former Disney chief financial officer.

He has been on the board since 1985.

Disney board members are required to submit their resignations after the end of 12 years of continuous service and then again every three years, according to corporate governance guidelines posted on the company’s Web site.

Wilson is also a director of CB Richard Ellis Inc. and Yahoo! Inc.

The company did not say whether it would replace Wilson. It recently named John Pepper to succeed board chairman George Mitchell.