Disney’s CFO Tom Staggs and Disney parks chief Jay Rasulo to flip jobs

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Tom Staggs, the highly regarded chief financial officer of Walt Disney Co. and close associate to Disney CEO Bob Iger, is trading places with Jay Rasulo, the head of Disney’s parks and resorts business.

Potentially positioning Staggs for his long-coveted role as president of the Walt Disney Co., the new job gives him the operational experience that he has lacked. As chairman of Disney Parks and Resorts, Staggs will oversee the company’s vacation business, which spans three continents and includes theme parks, a cruise line and time-share-style resorts.

In switching roles with Staggs, Rasulo will become senior executive vice president and chief financial officer of the Walt Disney Co. The 23-year company veteran, like Staggs, got his start in strategic planning at the Burbank entertainment giant. Rasulo now takes responsibility for the company’s worldwide finance organization, corporate strategy and development, brand management and investor relations.

‘Jay and Tom are both dynamic and versatile executives, who have done a great job over the last several years and have helped me to shape Disney’s strategic direction,’ Iger said in a statement.

Disney is releasing its fourth quarter results today after the market closes.

-- Dawn C. Chmielewski

Photo: Tom Staggs. Credit: Walt Disney Co.