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Staggs exits Disney

Tom Staggs, the veteran Walt Disney executive who had been widely tipped as the media company’s next CEO, will step down on May 6th as the board expands its search for a successor to Bob Iger.

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

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