June 01--Walt Disney Co. Chief Financial Officer Jay Rasulo will step down from his post effective June 30, in the latest change in the top executive ranks at the Burbank entertainment giant.
A replacement for Rasulo has not been named but will be announced at a later date, the company said Monday, and Rasulo will stay on in an advisory role to Chief Executive Bob Iger to help with the transition.
"Jay has been a valued colleague and friend, as well as a vital contributor to Disney's success, particularly in his roles as chief financial officer and chairman of our Parks and Resorts division," Iger said in a statement.
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The move comes after the company in February selected longtime executive Thomas Staggs for the job of chief operating officer, placing him in the front-runner position to replace Iger once he steps aside. Rasulo had also been considered to be a candidate for the job.
"It has been a true honor to work at Disney for these many years, and for a great leader in Bob Iger," Rasulo said in a statement. "And as I look to the horizon for future endeavors, I am privileged to continue my friendship with Bob and remain as an advisor to him and the Disney team."
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