Stratton named CFO at MGM

Exec had worked for Disney for nearly 20 years

MGM has named Dene B. Stratton as chief financial officer.

Stratton will report directly to co-chairmen and CEOs Gary Barber and Roger Birnbaum, who announced the hire on Tuesday. Stratton had worked for nearly 20 years at the Walt Disney Co. He most recently served as CFO for Internet startup TRC Media (Ireland).

“Dene has the solid foundation and the precise experience we were hoping to find in our new CFO,” said Barber and Birnbaum.

“I could not be more pleased to join a company with such a storied history as MGM, especially at this time as they are on the verge of such an exciting new chapter,” Stratton said.

The CFO slot had been vacant since the departure late last year of Bedi A. Singh, who was president, finance and administration, and CFO.

“Dene is an executive with extensive experience developing business and marketing strategies across the entertainment spectrum,” Barber and Birnbaum said in a statement. “He has created incredibly successful campaigns for multiple franchises worldwide, and we think he is ideal to lead the marketing charge as MGM continues to move forward.”

MGM emerged from a pre-packaged bankruptcy in December under Barber and Birnbaum and has cut staff by about 100 since then.

Most of MGM’s slate is co-financed, including the two “Hobbit” films and the upcoming James Bond pic, which will be distributed by Sony.

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