Disney hires veteran PepsiCo finance chief Hugh Johnston as new CFO
Publishing timestamp: 2023-11-06 11:44:59
Summary
The article announces that Hugh Johnston, the longtime CFO of PepsiCo, will become Disney's new CFO. This comes as Disney faces challenges such as a sagging share price and streaming losses. Johnston, who has been with PepsiCo for 34 years, will report directly to CEO Bob Iger. The article also mentions Disney's previous CFO stepping down, the company's restructuring efforts, and pressure from activist investor Nelson Peltz. Disney is scheduled to report quarterly earnings on Wednesday.
Sentiment: NEUTRAL
Keywords: pepsico inc., business news, bob iger, life, walt disney co, media, breaking news: business, entertainment,
Source: https://www.cnbc.com/2023/11/06/disney-hugh-johnston-cfo.html