Walt Disney Co. named former PepsiCo veteran Hugh Johnston as its new chief financial officer.

<div class="block">Walt Disney Co. named former PepsiCo veteran Hugh Johnston as its new chief financial officer.</div>

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Walt Disney Names PepsiCo Exec. Hugh Johnston as CFO

Now to some of the other business headlines, you need to know a change in the C suite at Disney Hugh Johnson, a former CFO at Pepsico will take on that role at Disney Johnson worked at the food and beverage company for 34 years. He served as CFO since 2010, he will report directly to Bob Iger and had this to say in a statement, Disney is such a storied company with the most beloved brands in the world and a strong financial foundation to support the company of the future that Bob and his team are building. Very few companies have withstood the test of time that Disney has making the company as rare as it is special end quote. Johnson is set to start at Disney on December 4th. As we mentioned earlier, Disney is scheduled to report quarterly results on Wednesday after the close of trading and of course, we'll keep you posted on that as well.