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Disney has extended the contract of Senior Executive Vice President and Chief Financial Officer Hugh Johnston through January 31, 2029. The entertainment giant named the well respected Johnston, a longtime PepsiCo executive, as its CFO in 2023. The appointment was a rare example of Disney tapping an outsider for a key executive position. Disney reports its latest quarterly earnings tomorrow, where Johnston will as usual flank CEO Bob Iger on the conference call after with Wall Street analysts. It also comes as Disney approaches a pivotal moment, naming a new chief executive next year with Iger set to step down. The company said in an SEC filing today that the amended agreement increases Johnston’s target long-term equity incentive annual award value to $16.5 million starting with Disney’s next fiscal year. The company’s FY ends in September. The new contract does not increase Johnsont’s current base salary or target annual bonus opportunity. MORE
