All articles tagged with #hugh johnston
Originally Published 2 years ago — by Financial Times
Disney has announced that Hugh Johnston, an executive at PepsiCo, will be joining the company as its new Chief Financial Officer (CFO). Johnston brings extensive experience in finance and strategic planning, and his appointment is expected to strengthen Disney's financial operations.
Originally Published 2 years ago — by CNBC
Disney has hired Hugh Johnston, the longtime chief financial officer of PepsiCo, as its new CFO. Johnston, who has spent 34 years with PepsiCo, will join Disney on December 4 and report directly to CEO Bob Iger. The move comes as Disney faces challenges with a declining share price and losses in its streaming business. The company is also undergoing a massive restructuring and is contemplating transformative transactions, including potentially selling ABC and seeking strategic partners for ESPN. Disney is under pressure from activist investor Nelson Peltz, who has increased his stake in the company and plans to push for multiple seats on the board.
Originally Published 2 years ago — by Hollywood Reporter
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.
Originally Published 2 years ago — by Deadline
Disney has named Hugh F. Johnston, the CFO and vice chairman of PepsiCo, as its new chief financial officer, replacing interim CFO Kevin Lansberry. This appointment is a rare example of Disney hiring an outsider for a key executive position and comes at a critical time as the company faces financial and strategic challenges. Johnston, who will report directly to CEO Bob Iger, brings extensive leadership experience overseeing global brands. The shares of Disney have fallen sharply this year, prompting activist investor Nelson Peltz to seek a board seat. Johnston's appointment is seen as a positive move, but he will need to integrate successfully into the strong Disney culture.