According to The Hollywood Reporter, The Walt Disney Company has extended its contract with Chief Financial Officer Hugh Johnston for four more years.
Walt Disney Company Headquarters in Burbank
Disney entered into a new contract with Johnston that will keep him on as CFO of the company through January 31st, 2029. Johnston succeeded longtime Disney CFO Christine McCarthy and became Disney’s CFO in 2023.
Johnston previously served as CFO at PepsiCo., where he worked for over 15 years. At Disney, he’s become part of Disney’s public face and often answers questions with CEO Bob Iger on earnings calls, as well as representing the company in the media and at investor events.
©Disney
Johnston currently oversees The Walt Disney Company’s “worldwide finance organization, which includes corporate real estate, corporate strategy and business development, enterprise controllership, enterprise technology, financial planning and analysis, global product and labor standards, global security, investor relations, risk management, tax and treasury.”
Disney has also extended contracts with other executives, including Executive Vice President, Global Communications head Kristina Schake; Senior Executive Vice President, Chief Legal and Compliance Officer Horacio Gutierrez; and Senior Executive Vice President and Chief People Office Sonia Coleman. This all comes before Disney chooses a successor to Iger in 2026.
Walt Disney Studios
As part of Johnston’s contract, he will keep his salary of $2 million unchanged, as well as his annual target bonus at $4 million. However, he will receive more of a long-term equity incentive annual award of $16.5 million.
Stay tuned to DFB for more.
CONFIRMED: Bob Iger Talking About Disneyland Churros and Popcorn Is Officially My Roman Empire.
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
WE KNOW DISNEY.
YOU CAN, TOO.
Oh boy, planning a Disney trip can be quite the adventure, and we totally get it! But fear not, dear friends, we compiled EVERYTHING you need (and the things to avoid!) to plan the ULTIMATE Disney vacation.
Whether you're a rookie or a seasoned pro, our insider tips and tricks will have you exploring the parks like never before. So come along with us, and get planning your most magical vacation ever!
What do you think? Let us know in the comments!
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
TRENDING NOW
The PeopleMover has changed!
Bluey's Wild World opened EARLY at Animal Kingdom and exposed some MAJOR problems with the...
Disney just added a NEW photo service that's perfect for extra special events!
This past week was one of the BIGGEST in Disney World for quite some time,...
Disney's reputation continues to go down.
Two new snacks and two returning Star Wars snacks have hit Hollywood Studios!
Bluey's Wild World has opened EARLY at Disney's Animal Kingdom!
Disney World restaurant menus changed this week!
Changes are coming to TSA.
If you're heading to Hollywood Studios in June, read this first.
For the first time ever, Elf on the Shelf is partnering with Disney!
We've got a FIRST LOOK INSIDE the new Walt Disney Studios land at Hollywood Studios!
Disney officials have released a statement regarding the potential chemical leak in Garden Grove, California.
You need to know THIS before you tackle the EPCOT Food & Wine Festival.
Here is a list of six of the BEST Loungefly sales currently available on Amazon!
This Loungefly Mini Backpack has a massive secret!
The longest line at Animal Kingdom yesterday WASN'T for a ride!
What the experts are doing during the early morning hours at Walt Disney World.
If you are considering purchasing Disney's new afternoon ticket deal, you'll want to read this...
Since 2009, the DFB team and I have been eating and reviewing Disney food for...