Disney hires PepsiCo vet as CFO amid Iger succession search

Walt Disney is hiring Hugh Johnston as the entertainment giant’s new chief financial officer, bringing in an experienced consumer products executive at a time of turmoil in the media business.

Johnston, currently the vice chairman and CFO of PepsiCo, starts on December 4, the company said in a statement on Monday.

Disney’s former CFO, Christine McCarthy, stepped down in June, taking a medical leave of absence. She was replaced on an interim basis by Kevin Lansberry, the CFO of Disney’s theme parks division, who is returning to the role.