Walt Disney Co. names PepsiCo's Hugh Johnston as chief financial officer

The Walt Disney Co. on Monday named 34-year PepsiCo veteran Hugh Johnston as its new chief financial officer. Johnston, who has been PepsiCo’s CFO since 2010, will replace Kevin Lansberry effective Dec. 4. Lansberry was appointed Disney’s interim CFO earlier this year. Johnston has served a variety of roles at PepsiCo beginning in 1987.

The Walt Disney Co. on Monday named 34-year PepsiCo veteran Hugh Johnston as its new chief financial officer.

Johnston has served a variety of roles at PepsiCo beginning in 1987. He left to become the CFO at Merck & Co. from 1999 to 2002, then returned to the Purchase, New York snack and beverage giant.PepsiCo hikes prices by double digits for the 7th consecutive quarter and profits jump 14% “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,” Iger said.Iger returned to Disney in November of last year, replacing his handpicked successor, CEO Bob Chapek, whose two-year tenure was marked by clashes, missteps and a weakening financial performance.

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