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Disney COO Staggs to step down as search for new CEO widens

Sheryl Sandberg of Facebook seen as potential candidate

Published Tue, Apr 5, 2016 · 09:50 PM

Los Angeles

TOM Staggs, the veteran Walt Disney Co executive who had been widely seen as the media company's next CEO, will step down on May 6 as the board expands its search for a successor to Bob Iger, Disney said on Monday.

The unexpected move came little more than a year after Mr Staggs had been promoted to chief operating officer, and about two years before Mr Iger, Disney's chief executive and chairman, is due to retire.

A source with knowledge of the situation said Mr Staggs, 55, had learnt that he was not guaranteed the CEO …

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Companies & Markets

Disney COO Staggs to step down as search for new CEO widens

Consumer & Healthcare

Sony deal for Paramount would draw added regulatory scrutiny

Lululemon to shutter Washington distribution center, lay off 128 employees

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

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