William A. Sutman has been named exec VP and chief financial officer of Universal Pictures.
A five-year vet of the company, Sutman replaces Frederick D. Huntsberry, who recently became exec VP and CFO of Vivendi Universal Entertainment. Sutman reports to Huntsberry and U Pictures chair Stacey Snider.
Sutman will be responsible for performance monitoring, accounting and reporting for Universal Pictures and all of its divisions, including U Pictures Intl., U Studios Home Video, Focus Films, U Consumer Products and the studio’s new animation arm Universal Cartoon Studios. He’ll also oversee the group’s global IT activities.
Sutman has held various senior finance positions at U since his January 1997 hiring, playing a key role in USA Networks transactions, the integration of Polygram and the subsequent restructuring of the U Music Group. Since 2001, he’s served as exec VP of finance for the Canal Plus Group, overseeing all worldwide financial activities for Viv U’s newly integrated TV and film divisions.
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“Bill is among the best film finance executives in the business, and we’re delighted to have him back on the Universal Pictures team,” Snider said. “We’re looking forward to benefiting from his leadership and expertise as we continue to build our global film business.”
Huntsberry called Sutman “a trusted friend and colleague. He is a talented finance executive whose experience and background make him uniquely qualified to lead our film finance team.”