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Disney CFO James Rasulo to step down, effective June 30

Disney CFO stepping down

Walt Disney Chief Financial Officer James Rasulo will leave his job at the end of June, the company announced Monday.

The media and entertainment giant has not yet named a successor. After he steps down from the position, Rasulo will stay on in an advisory role to Disney CEO Bob Iger and help in the transition.

"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."

James Rasulo
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Rasulo started working for Disney in 1986. He took over as CFO five years ago.

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Before that, he served as the chairman of Disney's parks and resorts, where he oversaw expansion into areas including Hong Kong and Shanghai.

"It has been a true honor to work at Disney for these many years, and for a great leader in Bob Iger," Rasulo said in a statement.

Disney shares were trading more than 1 percent higher Monday afternoon.