As the announcement of Disney’s next CEO moves closer, the company has announced a major contract extension for one of its highest-profile executives.
In November 2025, it was announced that CFO Hugh Johnston had signed a new contract with the company that will keep him with Disney through January 31st, 2029.
Formerly the president of PepsiCo’s North American division, Johnston has become a well-known face to Disney fans and Wall Street alike, thanks to appearances at investor events, television interviews, and answering questions with CEO Bob Iger on company earnings calls.
The new deal will keep Johnston’s salary and annual target bonus unchanged at $2 million and $4 million, respectively, but raises his long-term equity incentive annual award value to $16,500,000.
Johnston’s extension comes at a time when Disney seems to be solidifying their senior executive team before the company’s self-imposed early 2026 deadline to select Iger’s successor as CEO. Over the last several months, Communications Chief Kristina Schake, Chief Legal and Global Affairs Officer Horacio Gutierrez, and Chief People Officer Sonia Coleman have all been extended.
As Disney’s promised early 2026 announcement of a new CEO approaches, the company’s CFO, Hugh Johnston, is the latest in a line of executives to sign extensions with the company. Stay tuned to AllEars for more on Disney’s corporate structure.
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“The new deal will keep Johnston’s salary and annual target bonus unchanged at $2 million and $4 million, respectively, but raises his long-term equity incentive annual award value to $16,500,000.”–Wow-how will he be able to live on that? They raise and raise and raise prices, take things away that were once included in the high cost, guess that is how these guys get the salaries. Makes me sick.