The Walt Disney Company (DIS) has appointed longtime PepsiCo (PEP) CFO, Hugh Johnston, as its new Chief Financial Officer and Senior Vice President. Johnston will assume the Disney CFO role on December 4th, 2023 after 34 years leading the finance operations at Pepsi.
Yahoo Finance’s Brad Smith and Seana Smith discuss this transition, providing insights on how Johnston’s new appointment may benefit Disney’s success.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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We need to save disney.
Hahahahaha. How is a guy from #2 volume seller Pepsi going to help a #1 company, Disney, to further its sales of the #1 product, Coke??? He won’t. How is he gonna help any other way? He’ll use his years of explaining Pepsi’s inability to even come close to Coke, when he reports Disney’s declines. Pepsi is only half the size of Coke, in volume sold. BTW, Disney parks are Coca-Cola zones. I just don’t see this as helping Disney move forward.