Disney announced Monday that PepsiCo veteran Hugh Johnston will serve as the company’s new chief financial officer. Johnston has been with PepsiCo for the last 34 years in various roles, including CFO since 2010. He will begin his new role on Dec. 4 and report directly to CEO Bob Iger.
The Disney chief executive also thanked interim CFO Kevin Lansberry who took on the position in June when Christine McCarthy announced she was stepping down for a medical leave of absence. Johnston's new role at Disney will include overseeing the company's global business interests in corporate real estate, strategy and business development, enterprise controllership, technology, financial planning and analysis, global product and labor standards, security, investor relations, risk management, tax and treasury, the company said. Meanwhile, PepsiCo said Jamie Caulfield will take over for Johnston.
Last month, PepsiCo raised its annual profit forecast again this year on inflation-related cost increases and resilient demand, saying it is now "well-positioned to adapt and execute in a dynamic consumer environment with trusted brands." GET FOX BUSINESS ON THE GO BY CLICKING HERE
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