In the latest round of promotions at 20th Century Fox, the studio has reorganized its finance department, with several executives being given new titles and areas of responsibility.
The announcement was made by Fox chief financial officer Simon Bax, who last summer was upped to president/chief financial officer for Fox Filmed Entertainment.
Bax told Daily Variety that the promotions were made to accommodate the departure of former senior vice president and deputy chief financial officer, Bedi Singh, who in July left to become exec VP at Sony Pictures Entertainment. Rather than replace Singh, Bax chose to promote from within and spread many of Singh’s former duties among the following execs.
Bob Barron was named executive vice president and chief financial officer for the Fox Television Production Group; Mathew Belkes becomes senior vice president, motion picture finance and business development; and Jane Waxman named senior vice president/controller, overseeing financial reporting and accounts payable.
Barron, who had been chief financial officer for 20th’s television arm since January 1998, will oversee finance for both Fox Television Studios and 20th Century Fox Television. He joined 20th Television in 1994 as senior VP of finance, responsible for finance and accounting, production accounting and administrative and strategic planning.
In his new post, Velkes, who had served as vice president of business development since 1998, will oversee all motion picture distribution divisions and business development. Velkes joined Fox in 1995 as director of business development, after working as an investment banker and management consultant in Los Angeles and New York.
Most recently VP/controller, Waxman joined Fox in 1990 as a senior financial analyst in the financial reporting department from Ernst & Young Audit.
Bax also announced that senior financial analyst Mike Heard was upped to vice president of feature production and development reporting; former executive director, Steve Rosenberg promoted to VP, finance for studio operations; and Todd Greenfield has been named executive director of finance for the domestic theatrical distribution division.
Steve Kaplan, vice president in the participations department, has been promoted to senior VP, participations; and Chuck Spellman and Deborah Bryant were named vice presidents, participations.
Of the promotions, Bax said, “this is testament to the strength of the team we have built over the last few years and positions us very well to meet our current objectives.”
“The key essence of these finance people is to be strong business partners with the executives who run production and distribution and be involved directly in decisions rather than just being back office people.”