Importance of figures executive originally disappearing (6)
I believe the answer is:
status
'importance' is the definition.
(status is a kind of importance)
I don't understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for status that I've seen before include "Class" , "Place in society" , "Standing position, perhaps" , "Social position - prestige" , "Social or professional standing" .)