The Walt Disney Company’s outgoing CFO, Jay Rasulo, will now remain with the media giant as an advisor to chairman and CEO Bob Iger.
A filing to the Securities and Exchange Commission revealed Rasulo (pictured) would keep his current salary and bonus target structure in the consultancy post. He earned US$16.2 million in the 2014 financial year.
Rasulo’s departure from Disney closely followed Disney Parks and Resorts chairman Thomas Staggs being named Disney COO – and thereby becoming the likely successor of Iger when he retires.
Rasulo had been heavily linked to the Disney CEO post, but will take up the new post after officially exiting his finance chief role on June 30.
He had announced his resignation at the beginning of this month, clearing the path for Staggs to take on the top post some time in 2018.