Executive named chief financial officer
Advancing on its goal of expanding its film production and distribution ops, Metro-Goldwyn-Mayer Studios has tapped veteran exec Bedi A. Singh to the newly created post of president of finance and administration and chief financial officer.Singh will report directly to MGM topper Harry E. Sloan. He’ll take on the overall responsibility for the company’s financial activities, including oversight of the relationship with the banking and finance community as well as overseeing strategic financial planning and human resources departments and information systems functions. MGM noted that the move signals further support for its commitment to ramping up its feature film production and distribution operations. The studio has been building a homegrown slate since tapping Mary Parent in March to the post of chairman of the worldwide motion picture group. Singh was most recently the exec VP and CFO at Gemstar-TV Guide Intl. “Bedi brings an impressive wealth of worldwide entertainment industry and financial management experience to MGM’s top financial post,” said Sloan in a statement. From 1999 to 2003, Singh was exec VP and CFO of Sony Pictures Entertainment. Prior to that, Singh spent nine years at News Corp., serving in several senior financial roles.