The Man in Charge of Maker Studios at Disney Is Stepping Down
By Sahil Patel
Jay Rasulo will leave his post as chief financial officer of The Walt Disney Company at the end of June.
The news doesn’t come as much of a surprise, as Rasulo was expected to depart once Tom Staggs was named COO of Disney, effectively making Staggs CEO Bob Iger’s number-two and next in line to run the company once Iger retires. Following his departure, Rasulo will continue to serve in an advisory capacity to help the company with the transition.
As senior EVP and CFO of Disney, Rasulo’s responsibilities included Maker Studios, the YouTube MCN acquired by Disney in a deal that could be worth as much as $950 million, as well as Disney parks and resorts.
“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,” Iger said in a statement. “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.”
A new CFO will be named at a later date. It’s unclear whether whoever succeeds Rasulo will have oversight of Maker Studios, or if the responsibility will be passed to someone else at the company.