He is a businessman. He has not disclosed his parent’s and siblings’ names. And now with his heir apparent imminent departure, it means that Disney will have to go back to square one in their search for another worthy successor.

The changeover was widely controversial and even attracted criticism from Roy E. Disney, the nephew of And, how much will this cost for Disney? 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. [8][9][10], On April 4, 2016, Disney announced that Staggs and the company had agreed to mutually part ways. Thomas O. Staggs (born 1961) is the former Chief Operating Officer (COO) of The Walt Disney Company. On January 1, 2010, he has become a Chairman of different companies like Walt Disney Parks and Resorts, overall the company’s theme parks, cruise lines, and the vacation-ownership program with roughly 130,000 employees. It was noted that he failed to receive assurances from the board to succeed Iger, as the board decided instead to widen the executive search, while Iger also did not persuade Staggs to stay on. Bob Iger, chief executive officer of Walt Disney, will step down in 2018. Disney is also ranked high as one of the favorite companies for Millennials to invest in. Opinions expressed by Forbes Contributors are their own. Walt Disney Parks and Resorts Chairman Tom Staggs is no stranger to Disneyland Resort.Not many people know this, but he and his wife enjoyed their wedding rehearsal dinner at the Golden Horseshoe in Disneyland in 1996, and through the years this Southern California family has enjoyed countless days of fun together at the parks. Iger has been considered wildly successful during the past decade he’s been at the helm and many call him “irreplaceable” as he orchestrates monumental deals and steered the company to record profits. What does this mean for Disney? Winnie Sun is the managing director of Sun Group Wealth Partners. Sure, Disney is now multimedia, is the plenty techie and social media focused, but are they really ready for Sandberg? Disney’s leadership runs deeps and the executive board understands that proper management of the vacancy is paramount. He is about 58 years old. The imminent departure of Disney’s Tom Staggs is an interesting one. Thomas O. Staggs: Age, Nationality Education. Staggs is known for his work as a manager of strategic planning to senior planning development for Disney. This historical project is one in which Staggs played a significant role in bringing to fruition as Disney’s theme park chairman. Walt Disney On May 6, 2016, he stepped down as a COO, effective. Thomas is not active on Facebook, Instagram, and Twitter. She is among the highest followed financial advisors on social media. Likewise, Stagg was awarded $4.6 million in stock awards, $3.4 million in option awards, $8.6 million in other, non-equity-based bonuses and $49,490 in all other compensation.

All Rights Reserved, This is a BETA experience. Millennials are smart, and for many, it will be a tale of “wait and see”. The biggest challenge facing Disney right now is on how to fill the CEO’s position once Bob Iger retires in 2018. [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. In that instance, Disney was forced to clarify that Staggs' promotion from his role as theme park chairman to the chief operating officer position in 2015 was not a coronation as it was widely suggested by the media. Staggs is known for his work as a manager of strategic planning to senior planning development for Disney. Sure, Disney is facing the news that theoretically is bad for business, but they have time. Thomas O. Staggs is married and his wife’s name is Melanie Ramber. She is a CNBC Financial Advisor Council Member and host of the Level Up With Winnie tv show which appears on NASDAQ, Amazon Fire, and Roku. Iger's contract as Disney's Chairman and CEO was originally planned to run until June 30, 2018,[16][17] but Disney announced in March 2017 that it was extending Iger's term to July 2, 2019 and said he would serve as a consultant for the following three years. You may opt-out by. I don’t think so. However, I expect this to be temporary.

Career. And, they have a business and services that people all over the world, in multiple markets and industries that people love. How similar is Facebook to Disney and will it be enough time to get her (or any other candidate) up to speed? Disney stunned us all by announcing that its chief operating officer and heir apparent, Tom Staggs, will be leaving next month. And as Millennials represent the largest consumer population and as they start having their own families, this yet becomes another market for Disney. I don’t think this is the case for Disney. Winnie Sun is a registered representative with, and securities offered through LPL Financial, member FINRA/SIPC. “Tom definitely knows Disney and what it takes to make Disney so special,” Mr. Iger said at that shareholder meeting. She is also one of the most followed financial professionals on social media today.

Also know more about the early life, career, net worth, relationships, and controversies of other businessmen including Adam Silver, Chris Potoski, and Jeff Bowler. 1 pages. But what if the real issue is something he can't face? 2 exec Thomas Staggs leaving company", "Disney COO Thomas Staggs Steps Down From The Mouse House", "Bob Iger to Remain Disney Chief through 2018", "Disney Extends CEO Bob Iger's Contract Until 2018", "Disney extends CEO Iger's contract by a year to July 2019", "Disney's Dilemma: Can Bob Iger Ever Find a Successor? The No. Recently, Disney's stock traded for about $98 a share which is a meaningful growth from a paltry $24 when Iger took over slightly over a decade ago. Perhaps the most memorable are the one that ended with Bob Iger becoming the chief in 2005. - September 6, 1999", "Thomas Staggs: Disney's Heir, Apparently", "5 things to know about Thomas Staggs, Disney's new No. They have no interest in seeing investors, partners, and consumers lose faith in the beloved company. Who’s an alternate for Staggs? [6], On February 5, 2015, Staggs was named chief operating officer of The Walt Disney Company. No doubt, it’s to the best interest of the company to make another heir apparent, but once they do, investors and partners will be back in favor. 2 Post, Positioning Him as Iger's Successor", "At Disney, Staggs' elevation puts him as front-runner to succeed Iger as CEO", "Will Tom Staggs be the next CEO of Disney? The $18.6 million compensation package made by Staggs made him one of the highest-paid employees. Book your complimentary consult here online. in business from the University of Minnesota. Thomas O. Staggs: Age, Nationality Education, Thomas O. Staggs: Professional Life, Career, View more / View fewer Facts of Thomas O. Staggs. Her weekly business #WinnieSun tweetchat earns an average of 150 million impressions per week. Now rumors are swirling around Sheryl Sandberg, Facebook's COO, to fill the role.

[7] Many news outlets began calling Staggs the heir apparent to Bob Iger as the Disney CEO.

Staggs stepped down as COO, effective May 6, 2016.

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