Jay Rasulo Stepping Down as Walt Disney CFO1 Jun, 2015 By: Erik Gruenwedel
Move paves a clearer path for COO Thomas Staggs to eventually assume CEO position when Bob Iger steps down
Jay Rasulo, CFO of The Walt Disney Co., is vacating his position June 30, CEO Bob Iger said in a statement. No reason for Rasulo’s departure was given. Disney said a successor would be named at a later date with Rasulo continuing to serve in an advisory capacity to Iger and to assist in the transition.
Rasulo, who became CFO in 2010, previously was chairman of Walt Disney Parks and Resorts, where he oversaw the launch of a major expansion of Disney California Adventure, the opening of Hong Kong Disneyland, the addition of two new cruise ships to Disney Cruise Line, and initial development of the new Shanghai Disney Resort.
Bob Chapek, former head of Walt Disney Studios Home Entertainment, now heads Parks and Resorts.
Rasulo’s departure was not completely unexpected following the February appointment of Thomas Staggs as COO. Staggs, who formerly held the CFO position, is widely seen as a leading candidate to replace Iger when he decides to retire.