Disney's previous CFO, Christine McCarthy, stepped down earlier this year., will join the company as its new CFO, as the entertainment giant contends with a sagging share price and streaming losses.
Johnston has spent the last 34 years with PepsiCo, holding various positions at the food and beverage giant before becoming CFO in 2010."Disney is such a storied company, with the most beloved brands in the world and a strong financial foundation to support the company of the future that Bob and his team are building," Johnston said in a statement. "Very few companies have withstood the test of time that Disney has, making the company as rare as it is special.".
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