Disney Taps PepsiCo Executive Hugh Johnston as New CFO

The Walt Disney Co. has appointed Hugh Johnston, currently the vice chairman and CFO of PepsiCo, as its new senior executive VP and CFO. Johnston will succeed Christine McCarthy and will play a critical role as a deputy to CEO Bob Iger. He joins Disney at a crucial time as the company undergoes a transformation, including the acquisition of the remaining stake in Hulu from Comcast and a possible proxy battle with activist investor Nelson Peltz. Johnston's appointment raises speculation about his potential as a successor to Iger.