Steve Wadsworth, president of Disney’s Interactive Media
Group – the division overseeing video games, online virtual worlds and the
company’s mobile efforts – has resigned after an 11-year tenure with the
The departure leaves a vacuum at one of the company’s most important – but often troubled –
"For many reasons, now is the right time for me to move
on," Wadsworth said in an email to staff.
“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.”
Disney’s expected to announce Wadsworth’s replacement soon.
One leading candidate is John Pleasants, CEO of Playdom, the social gaming
company Disney recently purchased for $563.2 million (along with a
performance-linked earn out for investors of up to $200 million).
Wadsworth has never been a favorite of Wall Street due to
his penchant for pricey acquisitions that failed to achieve breakout success,
but his unit has been showing signs of strength recently and is poised to have
a banner year with titles like “Epic
Mickey” nearing release.