March 14, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Walt Disney Chief Operating Officer Thomas Staggs Leaving Company

Disney_logo-2Thomas Staggs, The Walt Disney Co.’s chief operating officer who was considered a prime candidate to replace CEO Robert Iger when he retires, will instead be leaving the company, Disney announced today.

Staggs will step down as COO on May 6, but will remain as a special adviser to Iger through the end of the fiscal year.

“Tom has been a great friend and trusted colleague for more than 20 years,” Iger said. “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.”

Staggs has been with Disney for 26 years, moving from a strategic planning post to chief financial officer. He was promoted to COO in February 2015 — a move that led many to speculate that he was being groomed to take over for Iger, who is expected to step down on June 30, 2018.

Staggs’ departure leaves it unclear who might be in line for Iger’s job, and whether the company will hire a new leader from outside Disney. According to a Disney statement, the company’s board of directors “will broaden the scope of its succession planning process to identify and evaluate a robust slate of candidates for consideration.”

No reason for Staggs’ departure was given. The New York Times, citing unnamed Disney sources, reported that some board members questioned whether the 55-year-old Staggs had the right vision for leading the company, and his departure was a mutual decision.

“Disney truly stands alone, not only because of the company’s phenomenal creativity, but also because of the thousands of remarkable people who make it such an extraordinary place,” Staggs said. “It’s been a privilege to work with them and be inspired by their creativity and commitment. It’s also been a great experience to work with Bob during this dynamic era of unprecedented growth and transformation.

“I remain grateful for that opportunity, and I’m confident that Disney’s future will be just as exciting as its legendary past,” he said.

Related Posts

Customer Who Rammed Car Into Inglewood CarMax, Leaving Man Paralyzed, Faces Serious Charges

March 14, 2025

March 14, 2025

Police Say 25-Year-Old Deliberately Drove Into the Showroom The Los Angeles County District Attorney’s Office has charged Andrew Jesus Arroyo,...

Mysterious Shooter Killing Crows in Westchester, Residents Fear for Their Safety, Want Action

March 14, 2025

March 14, 2025

Residents Fear Escalating Violence as Bullets Narrowly Miss People, Pets, and Homes Residents of Westchester are growing increasingly alarmed after...

Brentwood and Palisades Libraries Offer March Events for Families and Mystery Lovers

March 14, 2025

March 14, 2025

West LA Libraries Are Hosting Exciting Events for All Ages This Month. The Donald Kaufman Brentwood Library has announced temporary...

Your Guide to Free Museum Weekend: 30 SoCal Museums Waiving Admission Fees

March 14, 2025

March 14, 2025

Explore Art, History, and Culture for Free as Museums Across LA Open Their Doors Art and history lovers in Southern...

Mayor Bass’ Text Messages Deleted Amid Pacific Palisades Fire Response Scrutiny

March 13, 2025

March 13, 2025

Public Records Requests Reveal That Mayor Bass’ Phone Auto-Deletes Messages On January 7, as powerful winds and dry conditions fueled...

The Ebell of Los Angeles Celebrates Women’s History Month with Inspiring Events, Art, and Performances

March 13, 2025

March 13, 2025

The Month-Long Celebration Honors the Contributions and Resilience of Women In honor of Women’s History Month, The Ebell of Los...

(Video) Baltaire’s Amazing 10th Anniversary Party

March 13, 2025

March 13, 2025

The Greek Salad prepared table side. Bluefin Toro with Crispy Rice, wasabi, spicy mayo, pickled ginger. Chateaubriand, 16 oz, with...

(Video) Wildfire Attorney. Law Offices of Allen Farshi

March 13, 2025

March 13, 2025

How The Law Offices of Allen Farshi Can Safeguard You Amid Wildfire Loss. For more information, check out the video...

Baltaire Celebrates 10 Years with a ‘Decade of Decadence’ Anniversary Bash

March 12, 2025

March 12, 2025

Brentwood’s Iconic Steakhouse Marked a Milestone With an Unforgettable Night of Fine Dining Last Saturday night was the official party...

(Video) H&H Bagels Now Open in Santa Monica

March 12, 2025

March 12, 2025

The New York Bagel Spot finally arrived at 710 Montana to crowds and long lines. Here’s that bagel sandwich goodness....

The Ultimate Guide to St. Patrick’s Day 2025 in West Los Angeles, Where to Eat, Drink & Party

March 12, 2025

March 12, 2025

From Irish-Inspired Brunches to Green Beer Towers & Drag Bingo, We’ve Got You Covered Los Angeles is going all out...

Eat + Drink West Hollywood Returns for a Month-Long Culinary Celebration

March 12, 2025

March 12, 2025

Dine, Drink, and Support Hospitality Workers Affected by Wildfires Eat + Drink West Hollywood is making a grand return this...

Michelin Unveils Newest Additions to Its California Guide, Seven Los Angeles Restaurants Recognized

March 12, 2025

March 12, 2025

Exciting New Dining Destinations Join the Michelin Selection in Los Angeles, Culver City, Santa Monica ​The Michelin Guide has recently...

Evacuation Warnings Issued for LA Burn Areas, PCH Closure Announced as Storm Approaches

March 12, 2025

March 12, 2025

Residents in High-Risk Zones Urged to Prepare for Possible Mudslides Officials have issued evacuation warnings for multiple areas in Los...

Flux Screening Series Returns with Daring Short Films and Music Videos at the Hammer Museum

March 11, 2025

March 11, 2025

Experience Avant Garde Cinema, Live Filmmaker Presentations, and Guest DJ Sonrista The Flux Screening Series is set to bring the...