Disney extends CFO Johnston's employment contract

Core Insights - Walt Disney has extended the employment contract of CFO Hugh Johnston by approximately two years as part of a significant operational overhaul focusing on its streaming business [1] Group 1 - The extension of Hugh Johnston's contract indicates the company's commitment to stability during a period of transformation [1] - The media company is undergoing a sweeping overhaul of its operations, highlighting a strategic shift in its business model [1] - The renewed focus on streaming suggests that Disney is prioritizing digital content delivery in response to changing consumer preferences [1]