Jan 14 (Reuters) - Warner Bros Discovery ( WBD ) has

appointed Anthony Noto, CEO of fintech giant SoFi, and Joey

Levin, the outgoing chief executive of IAC, to its board, the

company said on Tuesday.

The media giant is undergoing a restructuring to separate

its declining cable TV businesses, such as CNN, from streaming

and studio operations, setting the stage for a potential sale or

spinoff of its TV business, as more cable subscribers cut the

cord.

Noto joined the board on Jan. 8 and Levin is slated to join

on Feb. 1. Both will be up for election at the company's 2025

annual stockholder meeting.

Levin will step down as CEO of the media and internet

company IAC, after the spinoff of its majority stake in

home services unit Angi ( ANGI ), IAC said on Monday. He will

transition to the role of executive chairman of Angi ( ANGI ).

Levin previously served in senior roles across IAC's mergers

and acquisitions group, operations and business management teams

over the past two decades. His leadership has steered IAC

through its initial IPO and subsequent spinoffs of Match Group ( MTCH )

and Vimeo ( VMEO ).

Noto, who was appointed the CEO of SoFi in 2018,

also brings four years of executive experience with Twitter, now

called X, where he initially served as finance chief before

taking on the role of chief operating officer.

"Both Anthony and Joey are accomplished leaders with

considerable experience in relevant industries and exceptional

track records of driving growth, innovation and shareholder

value," said David Zaslav, CEO of Warner Bros Discovery ( WBD ).

Last month, Warner Bros Discovery ( WBD ) said Li Haslett Chen, a

member of its board and the company's nominating and corporate

governance committee, will resign from her positions.

Following their appointments, the board will have 13

directors, 12 of whom are independent.