Thomas O. Staggs

Thomas O. Staggs

Staggs on stage at the Disney Social Media Moms Conference

Staggs in 2014
Born 1961 (age 54–55)[1][2]
Nationality American
Alma mater University of Minnesota, Twin Cities
Stanford University
Employer The Walt Disney Company
Title COO
Signature

Thomas O. Staggs (born 1961) is the Chief Operating Officer (COO) of The Walt Disney Company.

Career

Joining Disney in 1990, Staggs rose from his role as a manager of strategic planning to senior vice president of strategic planning and development in 1995.[3] Staggs became executive vice president and chief financial officer in 1998, and became Senior Executive Vice President and CFO in January 2000.[4] As CFO, Staggs was instrumental in purchasing Pixar for $7.4 billion in 2006 as well as acquiring Marvel Entertainment for $4 billion in 2009.[5]

On January 1, 2010, Staggs became Chairman of Walt Disney Parks and Resorts, overseeing the company's theme parks, cruise lines, and the vacation-ownership program along with roughly 130,000 employees.[6]

On February 5, 2015, Staggs was named chief operating officer of The Walt Disney Company.[7] Many news outlets began calling Staggs the heir apparent to Bob Iger as the Disney CEO.[8][9][10]

On April 4, 2016, Disney unexpectedly announced that Staggs and the company had agreed to mutually part ways. Staggs will step down as COO, effective May 6, 2016. Staggs will remain with the company as a "Special Advisor to the CEO", Bob Iger, through the end of the fiscal year.[11][12][13][14][15]

Education and Early Career

Staggs was born in Illinois and received a B.S. in business from the University of Minnesota and an MBA from the Stanford Graduate School of Business. He began his career as an investment banker for Morgan Stanley & Co. before joining Disney in 1990.[4]

References

Wikimedia Commons has media related to Thomas O. Staggs.
  1. ↑ Dun & Bradstreet (May 6, 2010). "Disney Enterprises, Inc. et al v. Hotfile Corp. et al - Exhibit B" (PDF). Justia. Retrieved November 9, 2013.
  2. ↑ "Eisner's Mousetrap Disney's CEO says the company has a lot of varied problems he can fix. But what if the real issue is something he can't face? - September 6, 1999".
  3. ↑ "Thomas Staggs Profile - Forbes.com". Archived from the original on 27 May 2007.
  4. 1 2 "Tom Staggs Bio" (PDF). The Walt Disney Company.
  5. ↑ Barnes, Brooks (25 April 2015). "Thomas Staggs: Disney’s Heir, Apparently". nytimes.com. New York Times. Retrieved 4 April 2016.
  6. ↑ Hamedy, Saba (5 February 2015). "5 things to know about Thomas Staggs, Disney's new No. 2 executive". latimes.com. Los Angeles Times. Retrieved 4 April 2016.
  7. ↑ Littleton, Cynthia. "Disney Promotes Tom Staggs to No. 2 Post, Positioning Him as Iger’s Successor". Variety.com. Variety Magazine. Retrieved February 22, 2016.
  8. ↑ Miller, Daniel; James, Meg (5 February 2015). "At Disney, Staggs' elevation puts him as front-runner to succeed Iger as CEO". latimes.com. Retrieved 4 April 2016.
  9. ↑ Cynthia Littleton. "Disney Promotes Tom Staggs to No. 2 Post, Positioning Him as Iger’s Successor". Variety.
  10. ↑ Lev-Ram, Michal (5 February 2015). "Will Tom Staggs be the next CEO of Disney?". Fortune.
  11. ↑ Barnes, Brooks (5 April 2016). "Thomas Staggs, Disney’s Heir Apparent, Is Stepping Down". The New York Times.
  12. ↑ Miller, Daniel (4 April 2016). "Thomas Staggs, Disney's No. 2 executive, is leaving company". latimes.com.
  13. ↑ Byers, Dylan (4 April 2016). "Disney's No. 2 exec Thomas Staggs leaving company". CNNMoney.
  14. ↑ Robehmed, Natalie (4 April 2016). "Disney COO Thomas Staggs Steps Down From The Mouse House". Forbes.
  15. ↑ The Walt Disney Company (4 April 2016). "Statement from The Walt Disney Company".


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