Tom Staggs resigns from the Walt Disney Company

Apr 04, 2016 in "The Walt Disney Company"

Tom Staggs, the Walt Disney Company number 2, has today resigned in a surprise move. Disney expects him to leave the position as soon as next month.

Staggs was promoted ahead of Jay Rasulo to the number 2 position just last year when he became Chief Operating Officer in February 2015.

“Tom has been a great friend and trusted colleague for more than 20 years,” CEO Bob Iger said in a statement. “He’s made important contributions to this company, earning wide respect across the organization for his achievements and personal integrity. I’m proud of what we’ve accomplished together, immensely grateful for the privilege of working with him, and confident that he will be enormously successful in whatever opportunity he chooses.”

It was widely expected that Staggs would become the new CEO of the company once Bob Iger steps down in June 2018.

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Article Posted: Apr 04, 2016 / 5:29pm EDT