Disney Parks and Resorts President Jay Rasulo and CFO Tom Staggs have flipped positions at the company.
What this means for the park as a whole is unknown at this time, although you can't help but see that Staggs former title has the name "Financial" in the name. Hopefully he's not being brought in to reign in spending at the park (more than it already has been).
Company Town | Disney's Iger on executive shuffle | Los Angeles Times
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What this means for the park as a whole is unknown at this time, although you can't help but see that Staggs former title has the name "Financial" in the name. Hopefully he's not being brought in to reign in spending at the park (more than it already has been).
Company Town | Disney's Iger on executive shuffle | Los Angeles Times
Walt Disney Co. Chief Executive Bob Iger said he had been planning for "quite some time" to give Chief Financial Officer Tom Staggs and Disney Parks Chairman Jay Rasulo new responsibilities, to broaden and deepen the experience of the executive team, but had been forestalled because of the economy.
"It's something that was my idea, something I broached with them a number of months ago," Iger said, adding he waited "until things stabilized before I moved them out of their roles."
Iger said that as chairman of Disney's Parks and Resorts division, Staggs gets an opportunity to gain operational experience -- although he denied Staggs is being positioned for the presidency, a long-unfilled No. 2 role at the company. "I've never known he's been looking for elevated responsibilities in the company," Iger said.
A Disney insider say the moves are intended to strengthen the executive team when Iger names a chief operating officer.
For Rasulo, the new post gives him a chance to manage the financial aspects of the company.
"It's something that was my idea, something I broached with them a number of months ago," Iger said, adding he waited "until things stabilized before I moved them out of their roles."
Iger said that as chairman of Disney's Parks and Resorts division, Staggs gets an opportunity to gain operational experience -- although he denied Staggs is being positioned for the presidency, a long-unfilled No. 2 role at the company. "I've never known he's been looking for elevated responsibilities in the company," Iger said.
A Disney insider say the moves are intended to strengthen the executive team when Iger names a chief operating officer.
For Rasulo, the new post gives him a chance to manage the financial aspects of the company.
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