Disney picks McCarthy as new CFO, replacing Rasulo; promotes Mayer to strategy chief

Disney named its treasurer, Christine McCarthy, as its new chief financial officer, replacing Jay Rasulo, a longtime executive who announced he was resigning earlier this month after it became apparent he would not likely be elevated to CEO.

The Walt Disney Co. also promoted Kevin Mayer to the newly created position of chief strategy officer, a nod to his deep involvement in the purchase of blockbuster studios Pixar, Marvel and Lucasfilm. He was previously executive vice president of corporate strategy and business development.

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McCarthy, who had been treasurer for 15 years, will report directly to CEO Bob Iger. Mayer will report to both Iger and Chief Operating Officer Tom Staggs.

Staggs is widely believed to be in line to replace Iger as CEO when he steps down in 2018.