Thomas Staggs, Disney's No. 2 executive, is leaving company

April 4, 2016 9:03 PM

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Walt Disney Co. Chief Operating Officer Thomas Staggs will depart the Burbank company this year, throwing into question the company's succession plans.

Staggs had been seen as the favorite to replace Chairman and Chief Executive Robert Iger when his contract expires in 2018. His departure means that Disney will have to redouble efforts to find a new leader.

Also read: Coca-Cola CEO Muhtar Kent to Step Down Next Year

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