- Mar 13, 2024
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The Hollywood Reporter recently revealed that The Walt Disney Company has renewed CFO Hugh Johnston's contract for an additional four years, extending his tenure through January 31, 2029. Johnston, who took over as CFO from Christine McCarthy in 2023, had previously held the same role at PepsiCo for over 15 years. At Disney, he's become a familiar public figure alongside CEO Bob Iger during earnings calls and various media and investor events.
Johnston is tasked with managing Disney's worldwide finance organization, which encompasses multiple departments like corporate real estate and global security. The extension also aligns with Disney's contracts for other key executives, amidst the anticipated succession of CEO Bob Iger in 2026.
Johnston's compensation remains at a $2 million salary and a $4 million target bonus, but his long-term equity incentive has increased to $16.5 million annually. Curious about how this impacts Disney's future? Share your thoughts—do you think Disney is making the right moves by keeping Johnston and others on board for the next several years?
Johnston is tasked with managing Disney's worldwide finance organization, which encompasses multiple departments like corporate real estate and global security. The extension also aligns with Disney's contracts for other key executives, amidst the anticipated succession of CEO Bob Iger in 2026.
Johnston's compensation remains at a $2 million salary and a $4 million target bonus, but his long-term equity incentive has increased to $16.5 million annually. Curious about how this impacts Disney's future? Share your thoughts—do you think Disney is making the right moves by keeping Johnston and others on board for the next several years?
