BUSINESS

Disney CFO Jay Rasulo resigns, leaving path for Tom Staggs

Jun 1, 2015, 11:18 AM

FILE - In this July 9, 2013 file photo, Jay Rasulo, CFO of the The Walt Disney Company, arrives at the Allen & Company Sun Valley Conference in Sun Valley, Idaho. Disney on Monday, June 1, 2015 announced that Rasulo will resign at the end of the year. (AP Photo/Rick Bowmer, File)

(AP Photo/Rick Bowmer, File)

LOS ANGELES (AP) — The Walt Disney Co.’s chief financial officer, Jay Rasulo, will resign at the end of June.

Once considered a possible candidate to replace CEO Bob Iger when Iger retires in 2018, Rasulo’s resignation paves the path to Disney’s top job for Tom Staggs, who became chief operating officer in February.

Disney has not officially named a successor to Iger.

A new chief financial officer was not immediately named Monday.

Rasulo, who joined Disney in 1986, had been chairman of Disney’s parks and resorts division and became CFO five years ago. He was also recently responsible for overseeing operations at YouTube channel operator Maker Studios.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Business

US employers added 353,000 new jobs in January...

Associated Press

The US didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

The nation’s employers added 353,000 jobs in January, a sign the economy will shrug off the highest interest rates in two decades.

27 days ago

Cutting interest rates may be in the future, Federal Reserve says...

Associated Press

Federal Reserve signals that interest rate cuts aren’t imminent and leaves them unchanged for now

The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates.

29 days ago

File - Parts of electric busses are viewed at New Flyer, an electric vehicles manufacturing company...

Associated Press

Wholesale inflation in US declined last month, signaling that price pressures are still easing

Wholesale inflation in the United States fell in December, further evidence that price pressures in the economy are easing.

2 months ago

Front-facing image of main entrance to Desert Diamond Arena in Glendale....

KTAR.com

Desert Diamond Arena in Glendale posts most lucrative year since opening two decades ago

Desert Diamond Arena announced that 2023 was its best year for revenue and attendance on record in the two decades since it opened.

2 months ago

(Lincoln Property Company photo)...

David Veenstra

New phase of Glendale industrial development includes pickleball and basketball courts

The second phase of the Park303 industrial park project in Glendale has been completed. The new development has a range of amenities.

2 months ago

Dutch semiconductor company ASM is investing more than $320 million to expand its U.S. headquarters...

Heidi Hommel

Dutch semiconductor company ASM announces $320 million investment in Scottsdale

Dutch semiconductor equipment company ASM is investing more than $320 million to expand its U.S. headquarters in Scottsdale.

3 months ago

Sponsored Articles

...

Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

...

Day & Night Air Conditioning, Heating and Plumbing

Valley residents should be mindful of plumbing ahead of holidays

With Halloween in the rear-view and more holidays coming up, Day & Night recommends that Valley residents prepare accordingly.

...

Sanderson Ford

The best ways to honor our heroes on Veterans Day and give back to the community

Veterans Day is fast approaching and there's no better way to support our veterans than to donate to the Military Assistance Mission.

Disney CFO Jay Rasulo resigns, leaving path for Tom Staggs