Disney CFO Resigns, Clearing Path for Tom Staggs

Associated Press: Disney said that its chief financial officer, Jay Rasulo, will resign at the end of June, clearing the path for another top executive, Tom Staggs, to succeed Bob Iger as eventual CEO. A new chief financial officer was not immediately named, but Rasulo, 59, will serve as an adviser to assist in the transition. “Jay has been a valued colleague and friend, as well as a vital contributor to Disney’s success,” Iger said in a statement. Iger is to step down in 2018, having postponed his resignation twice, thanks to the board of directors push to continue with his success transforming the company, largely through the major acquisitions of Marvel, Pixar and Lucasfilm.