Disney names PepsiCo veteran Hugh Johnston as CFO

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© Reuters. FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo

(Reuters) -Walt Disney has named longtime PepsiCo (NASDAQ:) executive Hugh Johnston as the media conglomerate’s chief financial officer, the company said on Monday.

PepsiCo said Johnston was leaving after 34 years at the company and more than a decade as its CFO.

Johnston will join Disney as its finance chief on Dec. 4.

Disney’s former Chief Financial Officer Christine McCarthy stepped down from her position in June.

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