KeyBanc analyst Brandon Nispel notes that it was announced on Monday that Disney (DIS) has appointed Hugh Johnston as CFO effective December 4, 2023. Kevin Lansberry will continue his role as Interim CFO until that time when he will return to his previous position as EVP, and CFO of the Experiences segment. Johnston currently serves as EVP and CFO of PepsiCo (PEP), a role he has held since 2010. KeyBanc believes this will be viewed as neutral to the stock on Monday as Johnston has extensive experience as CFO of a large multi-national company. The firm has a Sector Weight rating on Disney’s shares.
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