Warner Bros. Discovery said Anthony Noto, CEO of financial services company SoFi, and Joey Levin, who is stepping down as CEO of Barry Diller’s IAC, have been appointed to its board.
Noto joined the board as of Jan. 8, 2025, and Levin will join on Feb. 1, 2025. Both will stand for election at the company’s 2025 annual meeting of stockholders. Their appointments follow “a comprehensive search process” led by WBD board’s nominating and corporate governance committee that was “aided by a leading independent search firm,” the company said.
Noto and Levin will each receive cash retainers of $105,000 and stock grants of $240,000 in 2025 for serving on Warner Bros. Discovery’s board, in accordance with WBD’s compensation program for all non-employee directors.
Following their appointments, the Warner Bros. Discovery board will be composed of 13 directors, 12 of whom are independent (the one exception being president and CEO David Zaslav). Last month, WBD announced that Li Haslett Chen, founder and CEO of social-media commerce company Howl, was stepping down from the board to devote herself full time to Howl.
“We are pleased to welcome two seasoned executives who will bring valuable insights and expertise to the Board,” Zaslav said in a statement. “Both Anthony and Joey are accomplished leaders with considerable experience in relevant industries and exceptional track records of driving growth, innovation and shareholder value. I look forward to working closely with them as we continue to deliver on key strategic and operational objectives to realize the full potential of Warner Bros. Discovery.”
Noto serves as chief executive officer of SoFi Technologies, described as “a member-centric, one-stop shop for digital financial services with a strong track record of product innovation and performance.” Prior to joining SoFi in 2018, Noto spent four years in executive roles with Twitter (first as CFO and then as COO) and was CFO of the National Football League from 2008-10. Before that he served as co-head of global TMT investment banking at Goldman Sachs.
IAC announced Monday (Jan. 13) that Levin is leaving his role as CEO of IAC, where he had worked since 2015. IAC is spinning off its full stake in home-services company Angi, and Levin will become executive chairman of Angi. IAC said it does not intend to appoint a new CEO for the company, which will be led by Barry Diller, senior executive and chairman of IAC. During his more than 20-year career with the company, Levin served in roles of escalating seniority across IAC’s M&A group, operations and business management teams. At IAC, Levin has overseen acquisitions and a number of spin-offs, including the initial IPO and subsequent spin-off of Match Group and the private financing and subsequent spin-off of Vimeo.
The other members of Warner Bros. Discovery’s board, in addition to Noto, Levin and Zaslva, are: chair Samuel Di Piazza Jr., John Malone, Richard Fisher, Paul Gould, Debra Lee, Kenneth Lowe, Fazal Merchant, Paula Price, Daniel Sanchez and Geoffrey Yang.
“Today’s announcement reinforces Warner Bros. Discovery’s commitment to continuing to enhance our board with best-in-class leaders, bringing a broad range of experience to our board,” Di Piazza said in a statement. “We are confident that Anthony and Joey will bring fresh ideas and important perspectives to our board as we continue to evaluate all avenues to deliver significant shareholder value.”
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