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Stock impact report

Pixar co-founder to retire from leading Disney animation efforts [MarketWatch]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Pixar co-founder to retire from leading Disney animation efforts The Walt Disney Co.'s DIS, -0.36% top animation executive, Pixar co-founder Ed Catmull, will retire from the company at the end of the year, Disney announced Tuesday afternoon. Catmull will remain as an advisor through July, which will mark 40 years in the industry, after he started out at Lucasfilm before cofounding Pixar with help from Apple Inc. AAPL, +0.94% co-founder Steve Jobs. "I have the mixed emotions that come with stepping away from a group of people I love, but also with the utmost pride and pleasure that we now have at both Pixar and Disney Animation the most dedicated and imaginative leaders I have worked with," Catmull said in Tuesday's release. Disney said it would not replace Catmull with a new president overseeing its two main animation studios, Pixar and Walt Disney, instead having the two heads of those studios report to Walt Disney Studios President Alan Bergman. Disney shares were trading down Show less Read more
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