Dr. John C. Malone to Transition to Chair Emeritus of Warner Bros.

Core Points - Dr. John C. Malone will not seek re-election to the Board of Directors of Warner Bros. Discovery and will transition to the role of Chair Emeritus effective after the 2025 Annual Meeting of Stockholders [1] - As Chair Emeritus, Dr. Malone will continue to attend Board meetings and provide strategic counsel to the Board and management team [2] - David Zaslav, President and CEO, praised Dr. Malone's strategic insights and contributions to the company's growth and transformation [3] - The Board will nominate Anton Levy for election at the Annual Meeting, maintaining a total of 13 directors, with 12 being independent [3] Company Overview - Warner Bros. Discovery is a leading global media and entertainment company, creating and distributing a diverse portfolio of branded content across various platforms including television, film, streaming, and gaming [4] - The company operates in over 220 countries and territories, offering content in 50 languages through iconic brands such as Discovery Channel, Max, CNN, HBO, and many others [4]