February 5, 2015- Tom Staggs is Named Chief Operating Officer of The Walt Disney Company
“It’s a privilege to step into this role, and I am humbled and honored by the opportunity.”
On February 5, 2015, the Walt Disney and Parks and Resorts chairman Tom Staggs was announced to be the new Chief Operating Officer of The Walt Disney Company. Staggs was chosen thanks to his track record in running the parks, his background in investment banking, and his ability to handle complex deals for the company, including the investment in the MagicBand system used in Walt Disney World. Staggs joined Disney in 1990 as the manager of strategic planning after working at Dain Bosworth and Morgan Stanley. He soon moved up the corporate ladder, being named a senior VP in 1995, and was shortly after named an executive VP and Chief Financial Officer. Although concerns arose around Staggs’ ability to handle the strategic management of a company as vast as Disney, his success with the Disneyland Shanghai project seemed to quell any doubts. However, Staggs stepped down from his position and left the company in 2016, after he was unable to secure a commitment that he would succeed Bob Iger after Iger’s retirement in 2018.