Disney Names PepsiCo Exec Hugh Johnston As CFO
deadline.comDisney today named Hugh F. Johnston its new chief financial officer as of Dec. 4, replacing interim CFO December 4, 2023, Kevin Lansberry, who will return to his position as EVP and CFO of the company’s Experiences segment.
Landsberry took over for former CFO Christine McCarthy, who left abruptly earlier this year for family reasons. The appointment of a new CFO fills a key leadership role as Disney faces a number of challenges, financial and strategic.
The company is set to report its latest quarterly earnings on Wednesday. Johnston, 62, currently serves as EVP and CFO from 2010, and vice chairman, from 2015, of PepsiCo.
As CFO at Disney, Johnston will report directly to CEO Bob Iger and will lead the company’s worldwide finance organization, which includes corporate real estate, corporate strategy and business development, enterprise controllership, enterprise technology, financial planning and analysis, global product and labor standards, global security, investor relations, risk management, tax, and treasury. “Hugh’s well-earned reputation as one of the best CFOs in America and his wealth of leadership experience in both financial and operational roles overseeing a diverse portfolio of top global brands make him a perfect addition to Disney’s senior leadership team,” said Iger. “His expertise will serve Disney and its shareholders well as we continue the transformative work we are doing to drive growth and value creation.
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