Walt Disney Company’s Chief Financial Officer Jay Rasulo will be heading his position for one last month before stepping down by June 30. After working as Disney’s CFO for the past five years and representing Disney at various conferences and meets, James will now be using his expertise to become an advisor to the company. He will be assisting CEO Bob Iger as a financial advisor and will be helping with the induction of the next CFO.
Jay Rasulo was earlier working as chairman of Parks and Resorts before Bob Iger offered him the position of CFO in Disney. After Jay’s departure from the company Thomas Staggs was appointed as chairman of Parks and Resorts who was later announced as Disney’s COO this February. Jay was earlier seen as a candidate for the position of COO but was later replaced by Staggs.
Walt Disney CEO Bob Iger stated, “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. I look forward to working with him in this new advisory role, where his strategic acumen and savvy insight will continue to benefit the company.”
Jay Rasulo stated, “It has been a true honor to work at Disney for these many years, and for a great leader in Bob Iger. 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.”
Jay Rasulo’s relation with Disney goes back to the year 1986 when he first joined the company as Director of Strategic Planning and Development. He headed the launch of Disney’s California Adventure, Hong Kong Disneyland in addition to contributing to the development of Disney Cruise Line during his time in Parks and Resorts. In his 29 years of service Jay has led Disney Regional Entertainment and also was the CEO of Euro Disney.