The Walt Disney Company has named Thomas Staggs as its new chief operating officer.
A 25 year Disney veteran, Staggs is currently chairman of Walt Disney Parks and Resorts, overseeing the strategy, operations and creative development of the firm's travel and leisure businesses.
He will assume his new role immediately, continuing to run Parks and Resorts until a successor is named.
"Tom is an incredibly experienced, talented and versatile executive who has led Parks and Resorts during a time of unprecedented growth and expansion, including the construction of Shanghai Disney Resort," commented Robert Iger, chairman and CEO.
Staggs added: "I look forward to working more closely with Bob and the talented senior management team across the company to continue to build Disney's future through unparalleled creativity, innovative technology and global expansion."
Prior to taking on the Parks and Resorts role, Staggs was senior EVP and CFO for The Walt Disney Company, playing a critical role in the execution of the acquisitions of Capital Cities/ABC, Pixar and Marvel Entertainment.
He originally joined Disney in 1990 as manager of strategic planning, becoming CFO in 1998.