There’s a change in store at the top finance office at DreamWorks, with longtime Hollywood exec Ron Nelson ankling full-time responsibilities.
Nelson, who was wooed out of retirement from Paramount by DreamWorks’ founders, recently decided the time was ripe to segue into a consulting role. In December, he wrapped up a $1.5 billion corporate refinancing for the now 8-year-old studio.
DreamWorks doesn’t use exec titles, but Nelson has essentially been a high-powered chief financial officer. He’s enjoyed such a good rapport with principals Jeffrey Katzenberg, Steven Spielberg and David Geffen that he often has functioned as a chief operating officer, industryites note.
Studio employees recently were informed of Nelson’s decision in a memo, though Nelson has yet to vacate his office.
A DreamWorks spokeswoman said the position may not be formally filled, but DreamWorks finance exec Tony Hull is expected to take the lead on financial matters following Nelson’s departure.
An industry source suggested Nelson’s departing the studio is a sign that DreamWorks doesn’t plan any major strategic moves, like a merger or acquisition, any time soon.