Current COO Tom Staggs to depart from Disney May 6
I had to double check the calendar and make sure it wasn’t April Fools Day on this one. Disney says that current COO and heir to Bob Iger (CEO) will be leaving the company May 6, 2016. This is huge news for Disney and a break in the line of inheritance for the Walt Disney Company.
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.”
“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.”
Many Disney fans, including me, were hoping that Staggs would eventually move up to be CEO after his overall reign on Disney Parks and Resorts has been viewed as good.
Disney says that Staggs will remain employed by the Company in the role of special advisor to the Chief Executive Officer, Robert A. Iger, through this fiscal year.
This leaves Disney scrambling to find a new successor to Bob Iger as he will be stepping down from Chair and CEO in two years.
Current COO Tom Staggs to depart from Disney May 6 was originally published on The Happiest Blog On Earth
