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. He left to become the CFO at Merck & Co. from 1999 to 2002, then returned to the Purchase, New York snack and beverage giant. Johnston also serves as a member of the boards of both Microsoft and HCA Healthcare.
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. Chapek oversaw Disney during one of the most challenging periods in company history that began with a pandemic and ended, at least under Chapek’s rule, with spiraling inflation. Disney also became embroiled in a public fight with Gov.
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Walt Disney Co. names PepsiCo's Hugh Johnston as chief financial officerThe 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.
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