The FINANCIAL — Walt Disney Co. named its treasurer, Christine M. McCarthy, as the entertainment giant’s chief financial officer, succeeding James Rasulo, who is stepping down on June 30, according to Nasdaq.
Kevin Mayer, who also had been considered a potential candidate for the top finance job, was promoted to the new role of chief strategy officer.
Disney announced Mr. Rasulo’s resignation plans earlier this month, roughly four months after he was passed over to be Chief Executive Robert Iger’s second-in-command. At the time, Mr. Rasulo had been working without a contract since January.
In February, Thomas Staggs–who had run the company’s parks and resorts unit since 2010–was named chief operating officer, positioning him as the leading candidate to become Disney’s next CEO.
Ms. McCarthy, who has been treasurer at the company for the past 15 years will report to Mr. Iger. Her experience before joining Disney includes serving as financial chief of Imperial Bancorp from 1997 to 2000.
Mr. Mayer, formerly head of corporate strategy and business development, will jointly report to Mr. Iger and Mr. Staggs. He has been in his current role since 2005. In his new role, he will add responsibility for areas including acquisitions, enterprise information technology, innovation, brand and franchise management, and global corporate alliances.
Mr. Iger said Mr. Mayer played an integral role in Disney’s acquisitions of Pixar, Marvel and Lucasfilm.
Mr. Iger has said he would step down at the end of his current contract in June 2018, essentially giving Mr. Staggs three years to prove to Disney’s board that he is the best choice to succeed Mr. Iger.