PepsiCo’s Hugh F. Johnston Named Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company, Filling Christine McCarthy’s Former Role

Brit Tuttle

PepsiCo’s Hugh F. Johnston Named Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company, Filling Christine McCarthy’s Former Role

Brit Tuttle

PepsiCo’s Hugh F. Johnston Named Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company, Filling Christine McCarthy’s Former Role

The Walt Disney Company has named Hugh F. Johnston as Senior Executive Vice President and Chief Financial Officer, effective December 4, 2023.

Disney Names New CFO

Hugh F. Johnston Disney Headshot

Johnston is currently Vice Chairman and Chief Financial Officer of PepsiCo, where he held multiple leadership positions over his 34-year career there.

Johnston will report directly to Disney CEO Bob Iger and will lead Disney’s worldwide finance organization, which includes corporate real estate, corporate strategy and business development, enterprise controllership, enterprise technology, financial planning and analysis, global product and labor standards, global security, investor relations, risk management, tax, and treasury.

Johnston replaces Kevin Lansberry, who served as CFO on an interim basis. Lansberry stepped in for former CFO Christine McCarthy, after she stepped down from the position earlier this year to take a family medical leave of absence.

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.

His expertise will serve Disney and its shareholders well as we continue the transformative work we are doing to drive growth and value creation

I would also like to extend my sincere gratitude to Kevin Lansberry, who stepped into the CFO role on an interim basis earlier this year. Kevin has provided steady leadersihp and invaluable counsel to our executive management team, and he will continue to be one of our company’s most important financial leaders as he returns to his role as CFO of our Disney Experiences segment.

Bob Iger, CEO of The Walt Disney Company

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.

Very few companies have withstood the test of time that Disney has, making the company as rare as it is special. I share Bob’s enthusiasm for Disney’s future, and I am incredibly excited to join this management team in this moment of opportunity and possibility.

Hugh F. Johnston, Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company

Johnston joined PepsiCo in 1987, and has held a variety of roles, including Executive Vice President, Global Operations, PepsiCo; President, Pepsi-Cola North America; Senior Vice President, Transformation, PepsiCo; Senior Vice President and Chief Financial Officer, PepsiCo Beverages and Foods; and Senior Vice President, Mergers and Acquisitions, PepsiCo. Johnston also served as Vice President, Retail at Merck & Co. from 1999 until 2002, when he rejoined PepsiCo.

Johnston was named CFO of PepsiCo in 2010 and has been responsible for providing strategic financial leadership for PepsiCo, including ensuring the company’s strategy creates shareholder value, communicating the company’s strategies and performance to investors, and implementing a capital structure, financial processes and controls to support the company’s growth and return on investment goals.

Johnston currently serves as a member of the board and chair of the audit committee of Microsoft Corp., and as a member of the board and chair of the audit committee of HCA Healthcare. He is also a director for the Peterson Institute for International Economics, a leading global economic think tank.

Johnston holds a Bachelor of Science degree from Syracuse University and an M.B.A. from the University of Chicago.

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