MUMBAI: DreamWorks Animation announced that at its upcoming annual meeting of stockholders, scheduled to be held on 29 May, 2013, current directors Nathan Myhrvold and Richard Sherman will retire from the company‘s board of directors.
 
Universal Music Group chairman CEO Lucian Grainge and Hulu former CEO Jason Kilar will be nominated for election as new directors.
 
Myhrvold is Intellectual Ventures CEO and has served on the DreamWorks Animation board of directors since the company went public in October of 2004. Sherman is The David Geffen Company CEO and has served as a DreamWorks Animation board member since November 2008.

Dreamworks Animation founder and CEO Jeffrey Katzenberg said, "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. 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.
 
"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."