Jay Rasulo
Jay Rasulo spent nearly three decades inside one of the most complex entertainment empires on earth, and his path from New York to the top of The Walt Disney Company's financial operations ran through Paris, Orlando, and the boardrooms of the federal government. His full name is James A. Rasulo, though he has always gone by Jay. He holds a degree in economics from Columbia University and both an MA in economics and an MBA from the University of Chicago. Those credentials placed him at Chase Manhattan Bank and the Marriott Corporation before Disney came calling. What drove a banking and hospitality executive into the world of theme parks? And how does someone move from corporate planning to running a struggling French resort and, ultimately, to serving as chief financial officer of one of the largest media companies in the world? Those are the questions this documentary will answer.
Rasulo joined The Walt Disney Company in 1986, entering as a director within Corporate Strategic Planning. It was a deliberate, analytical role, fitting for someone with his economics background. Over the years that followed, he worked his way up to senior vice president, where his focus shifted to Disney's real estate-based businesses. That work gave him grounding in how physical spaces generate revenue, a skill that would prove central to everything that came after. He then spent two years as a senior vice president of Corporate Alliances before moving into Disney Regional Entertainment for three years. Each assignment was a different lens on the same sprawling organization. By the time he left Regional Entertainment, Rasulo had developed a broad operational fluency that positioned him for something much larger.
Euro Disney S.C.A., the company that operates Disneyland Resort Paris, became Rasulo's next assignment. He joined as executive vice president and worked through the ranks, serving as president and chief operating officer before taking over as chairman and CEO of the French resort in 2000. Running a major European theme park required navigating cultural and financial pressures quite different from anything in the United States. The Paris resort had struggled since its opening, and Rasulo's appointment to the top role reflected Disney's confidence in his ability to manage a difficult, high-profile property. His tenure there marked the transition from corporate planner to full operational leader, a shift that set the stage for his return to the American side of the parks business.
In September 2002, Rasulo was made president of the theme park division, replacing Paul Pressler in that role. Then, in October 2005, he became chairman of Walt Disney Parks and Resorts, a position he held until December 2009. That four-year stretch covered a period of significant activity for the parks business. The handoff in December 2009 came through a deliberate swap: Rasulo exchanged positions with Thomas O. Staggs, who moved over from the CFO role. The arrangement was unusual, essentially trading two senior executives between the company's two most prominent operating posts. It signaled Disney's confidence in both men and reflected how the company used its executive ranks to develop leaders with broad experience.
As CFO, Rasulo held the senior executive vice president title alongside his financial responsibilities at Disney. His public service work ran in parallel. In 2006 and 2007, he served as national chair for the Travel Industry Association. He also chairs the U.S. Travel and Tourism Advisory Board, a body established in 2003 to advise the U.S. Department of Commerce on travel policy. He sits on the Department of Homeland Security's Safe Borders / Open Doors Committee as well. On the philanthropic side, he serves on the boards of the Los Angeles Philharmonic Orchestra, the French-American Chamber of Commerce, and the Los Angeles Jobs and Economy Commission. His time as CFO ended on the 30th of June, 2015, when Christine McCarthy was announced as his successor.
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Common questions
Who is Jay Rasulo and what did he do at Disney?
Jay Rasulo, full name James A. Rasulo, is an American executive who served as senior executive vice president and CFO of The Walt Disney Company. He joined Disney in 1986 and held several major roles, including chairman of Walt Disney Parks and Resorts from October 2005 to December 2009, before transitioning to CFO.
Where did Jay Rasulo go to school?
Rasulo earned a degree in economics from Columbia University, followed by an MA in economics and an MBA from the University of Chicago.
What role did Jay Rasulo have at Disneyland Paris?
Rasulo served as executive vice president of Euro Disney S.C.A., which operates Disneyland Resort Paris, then as president and chief operating officer, and took over as chairman and CEO of the French resort in 2000.
Who replaced Jay Rasulo as CFO of The Walt Disney Company?
Christine McCarthy was announced as Rasulo's successor on the 30th of June, 2015.
How did Jay Rasulo and Thomas O. Staggs switch jobs at Disney?
In December 2009, Rasulo and Staggs exchanged positions. Rasulo moved from chairman of Walt Disney Parks and Resorts into the CFO role, while Staggs moved from CFO to take over the parks and resorts chairmanship.
What government advisory boards has Jay Rasulo served on?
Rasulo chairs the U.S. Travel and Tourism Advisory Board, established in 2003 to advise the U.S. Department of Commerce. He also serves on the Department of Homeland Security's Safe Borders / Open Doors Committee and served as national chair for the Travel Industry Association in 2006 and 2007.
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2 references cited across the entry
- 1magazineChristine McCarthy Named New Disney Chief Financial OfficerJames Rainey — 30 June 2015
- 2webThe Walt Disney Company - James A. Rasulo Executive BiographyThe Walt Disney Company