Thomas O. Staggs, chairman, Walt Disney Parks and Resorts, has been named chief operating officer (COO) of The Walt Disney Company.
A 25-year Disney veteran, Staggs is chairman, Walt Disney Parks and Resorts, overseeing the strategy, operations and creative development of the company’s iconic travel and leisure businesses. He will assume the role of COO immediately, while continuing to lead Parks and Resorts until a successor is named. Disney’s senior management team, including all business segment leaders, will report jointly to The Walt Disney Company chairman and CEO Robert A. Iger and Staggs, with the exception of the chief financial officer, general counsel, chief communications officer and chief human resources officer, who will continue to report directly to Iger.
Staggs joined Disney in 1990 as manager of strategic planning and quickly advanced through a series of positions of increased responsibility, leading to his appointment as CFO in 1998. Before joining Disney, he worked in investment banking at Morgan Stanley & Co.