Disney CFO Hugh Johnson Will Remain For Four More Years

By Robin Burks Leave a Comment

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.

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