One of Walt Disney Co.'s more powerful, and low-profile, executives is leaving the company, the second top executive to leave in the last month.
Lawrence P. Murphy, the company's chief strategist, "resigned to pursue other opportunities," Disney announced Wednesday.
The company said Murphy will continue to consult Disney on strategic matters. He will be replaced by Peter E. Murphy, no relation, who has been chief financial officer and senior vice president of ABC. Peter Murphy previously was a senior vice president of strategic planning at Disney.
Separately, Disney named Thomas O. Staggs as its new chief financial officer, replacing Richard Nanula, who announced his departure last month. Nanula, one of the highest-ranking black executives in Hollywood, is leaving to become chief executive of Phoenix-based Starwood Hotels & Resorts Worldwide Inc., the world's largest hotel and gaming company.
Staggs will oversee controller functions, acquisitions, taxes, investor relations and treasury matters. Peter Murphy will oversee business development and long-term planning.