Andy Mooney Steps Down As Disney Consumer Products Boss

Andrew Mooney, who for the past 12 years has overseen one the of the world’s most lucrative merchandisers as head of Disney Consumer Products, has resigned. He joined Disney’s most profitable unit as president in 1999 and was upped to chairman in May 2003. No word yet on what “a leadership role with another organization” means. Here’s the email he sent to employees today:

It’s never easy to leave a place you love, but today I informed Bob Iger that I’ve made the difficult decision to resign as Chairman of Disney Consumer Products. After 30 years contributing to the success of two of the world’s most valuable brands in Disney and Nike, I believe this is the perfect time to take that experience into a leadership role with another organization and corporate boards. (more…)

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