Meet Board Candidate
James A. (“Jay”) Rasulo is an independent advisor and former CFO of Disney
James A. (“Jay”) Rasulo currently serves as an independent advisor to various start-up and emerging companies. He serves on the board of iHeartMedia Inc. (NASDAQ: IHRT), an audio media company, since May 2019, where he is the Lead Independent Director, Chair of the Compensation Committee and a member of the Audit and Nominating and Corporate Governance Committees. Mr. Rasulo previously served on the board of Saban Capital Acquisition Corporation (formerly NASDAQ: SCAC) from 2016 to 2019, where he sat on the Audit Committee.
Mr. Rasulo is a Disney veteran who spent three decades at the Company in a variety of roles, including five years as Chief Financial Officer. During his tenure as CFO, Disney’s stock price increased by more than 250% and the Company paid more than $8 billion in dividends to shareholders.1 Prior to being appointed Chief Financial Officer, Mr. Rasulo ran Disney’s Parks and Resorts business, during which time the Parks and Resorts division delivered consistent revenue and operating income growth. Prior to his time at Disney, Mr. Rasulo held strategic positions at Marriott Corporation (NASDAQ: MAR) and Chase Manhattan Bank.
Mr. Rasulo was previously the Chairman of the Los Angeles Philharmonic Association from 2016 through 2019 and has served as its Vice Chairman since 2019. He also previously served as the Chairman of the U.S. Travel Association and Chairman of the U.S. Travel and Tourism Promotion Advisory Board.
Mr. Rasulo is a graduate of Columbia University (BA, Economics) and received his M.A. and M.B.A. from the University of Chicago.
Hear Mr. Rasulo speak about Disney’s creative content
Jay: I think some of the most important things to focus on at the Walt Disney Company are first and foremost creative content. Something’s broken in the creation of creative content.
I think from the very start back in the 30s, when Walt created the first feature animated film, it started the Disney flywheel. In fact, Walt invented the Disney flywheel that you could take something that pleased people in a movie theater, make it into consumer products, ultimately put it into Disneyland as rides and attractions. Animation is so key to the Walt Disney Company. So key to the success and the running of the flywheel that to imagine that The Walt Disney Company has lost its iconic status in animation today is almost unbelievable. And personally, it really affects me because this is how we created success when I was at the company.
Source 1: FactSet. James A. Rasulo was Chief Financial Officer at Disney from 01/01/10 through 06/30/15.