Tom Staggs resigns from Disney Company!

Tom Staggs, Walt Disney Company COO, has resigned today in a surprise move. He is set to leave his position as COO on 6th May 2016, but will remain in the company until October. Staggs is the Walt Disney Company number 2, ahead of Jay Rasulo. It was expected that Staggs would replace Bob Iger as CEO in June 2018, but it is no expected that Iger may stay longer than originally anticipated.

“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.”