The Walt Disney Co.s board of directors is losing a long-time member.

Safra Catz, the CEO of tech giant Oracle, is resigning from her board seat, the company says. An SEC filing said that Catz informed the board of her decision Thursday. With Catzs exit, Disneys board will shrink from 12 to 11 members.

Throughout her tenure on Disneys Board of Directors, Safra has provided invaluable insight that has helped shape the companys long-term strategic planning amid a rapidly changing technological landscape that affects our businesses, said Dianey CEO Bob Iger in a statement. Her contributions have been tremendous, and on behalf of The Walt Disney Company, I want to personally thank Safra for her years of service.

Ive been honored to serve on Disneys Board, and I am especially proud of the work weve done to fortify the companys unparalleled strengths and continue its rich legacy of innovation, Catz added. As I leave the Board today, I am grateful to have had the opportunity to work with Bob and his talented leadership team, and the accomplished members of the Disney Board. I wish the company and its employees every success in the future.