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Disney Names New CFO Ahead of Earnings. He's Coming from Pepsi.

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PepsiCo executive Hugh Johnston wil take the role as the company heads into a potential fight over board seats.

Walt Disney has chosen PepsiCo executive Hugh Johnston as its next chief financial officer as it heads into a potential battle over board seats.

Disney CEO Bob Iger could do with some support as he faces an activist campaign from Nelson Peltz’s investment firm Trian Fund Management, which is seeking a number of positions on the board of directors. “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 in a statement.

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Disney hires veteran PepsiCo finance chief Hugh Johnston as new CFOHugh Johnston, PepsiCo’s longtime finance chief, will take on the same role at Disney.
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