Disney Interactive President Wadsworth resigns


Steve Wadsworth, president of the Disney Interactive Media Group, resigned 9/23 following numerous strategy changes. Wadsworth announced his resignation in a late-night e-mail to staff: “I have been thinking about this for quite some time, and while it is difficult to leave a great company, an exciting business and a wonderful group of people, my desire and excitement to pursue other opportunities is too great to ignore,” from a NY Times story.

Robert Iger, Disney CEO, said in a statement: “During his long tenure, Steve has transformed our Disney digital business in a rapidly changing landscape. He leaves with only our best wishes for continued success in whatever challenge he takes on next.”
A successor to Wadsworth will be announced shortly, Iger’s statement said. A leading candidate, according to the Times story, is John Pleasants, the chief executive of Playdom, a booming social gaming business that Disney bought in July.

The group that Wadsworth oversaw –which includes the Disney.com portal and video games – saw revenues of $197 million in the last but reported a loss of $65 million.