Todd Spangler NY Digital Editor Disney has recruited Hugh Johnston, a 34-year veteran of PepsiCo, as chief financial officer.
He steps into the role left vacant after former CFO Christine McCarthy’s exit from the Mouse House was announced earlier this year.
Johnston assumes the Disney CFO job effective Dec. 4, reporting directly to CEO Bob Iger. Johnston currently is vice chairman and CFO of PepsiCo, where he has held numerous leadership positions with the multinational food and beverage giant — the U.S.’s largest food producer.
As Disney’s CFO, Johnston 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.
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