Statement from The Walt Disney Company
April 04 2016 - 4:49PM
Business Wire
Thomas O. Staggs will leave his current position as Chief
Operating Officer of The Walt Disney Company, effective May 6,
2016. He will remain employed by the Company in the role of special
advisor to the Chief Executive Officer, Robert A. Iger, through
this fiscal year.
“Tom has been a great friend and trusted colleague for more than
20 years,” said Mr. Iger. “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.”
Mr. Staggs’ planned departure caps a distinguished 26-year
career that began in Strategic Planning. He rose through the ranks
to be named Chief Financial Officer, earning praise from Wall
Street for his financial and communications skills. Mr. Staggs also
led Disney’s Parks & Resorts through an era of historic
growth.
Mr. Staggs said, “Disney truly stands alone, not only because of
the Company’s phenomenal creativity, but also because of the
thousands of remarkable people who make it such an extraordinary
place. It’s been a privilege to work with them and be inspired by
their creativity and commitment. It’s also been a great experience
to work with Bob during this dynamic era of unprecedented growth
and transformation. I remain grateful for that opportunity, and I’m
confident that Disney’s future will be just as exciting as its
legendary past.”
With approximately two years left before Mr. Iger steps down as
Chairman and Chief Executive Officer, Disney’s Board of Directors
will broaden the scope of its succession planning process to
identify and evaluate a robust slate of candidates for
consideration.
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version on businesswire.com: http://www.businesswire.com/news/home/20160404006630/en/
The Walt Disney CompanyZenia MuchaCorporate Communications(818)
560-5300orDavid JeffersonCorporate Communications(818) 560-4832
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